

As Bitcoin [BTC] ETFs continue their impressive streak of inflows, accumulating $253.6 million on 11 October, $555.9 million on 14 October, and $371 million on 15 October, the momentum is unmistakable.
As Bitcoin [BTC] ETFs continue their impressive streak, accumulating $253.6 million on 11 October, $555.9 million on 14 October, and $371 million on 15 October, the momentum is palpable.
Eric Balchunas' remarks spark concern
Seeing this, Eric Balchunas, a prominent ETF analyst at Bloomberg, made a bold prediction.
He believes that BTC ETFs are poised to surpass Satoshi Nakamoto, the enigmatic creator of Bitcoin, as the largest holders of the flagship cryptocurrency by Christmas.
“Monster flow day for the bitcoin ETFs, over half a billion, total net flows (most imp number) hair away from $20b. They now 94% of way to holding 1mil btc and 85% away from passing Satoshi as largest holder in world- legit shot to hit milestone by Xmas. Ht @EdmondsonShaun.”
Currently, the total holdings of Bitcoin ETFs are an impressive 938,533 BTC.
How is the community reacting?
According to Farside Investors, Bitcoin ETFs are nearing the significant milestone of $20 billion in net inflows.
Here, it's worth noting that analysts believe Satoshi Nakamoto possesses around 1.1 million BTC – A benchmark that institutional Bitcoin ETFs are swiftly closing in on.
Owing to the rapid inflows and growing interest in these investment vehicles, it appears increasingly plausible that BTC ETFs will soon rival Nakamoto's holdings.
However, an X user painted a different picture when he said,
“There is no definitive proof Satoshi owns 1 million BTC.”
Another X user soon chimed in, noting,
“How can we have such monster inflows, but weak price action?”
This argument was dismissed by David Lawant, Head of Research at cryptocurrency brokerage FalconX, who stated,
“There is a statistically significant relationship between changes in ETF flows and prices, but it’s not a strong one. The correlation coefficient is 0.30, which means that less than 10% of the change in prices can be explained by the change in net flows.”
What else happened in connection to Bitcoin?
Interestingly, this news broke just a day later after a dormant Bitcoin whale from the Satoshi era resurfaced, sparking intrigue in the crypto community.
The wallet, which first mined its coins back in 2009, made waves by transferring approximately $630,000 worth of BTC to Kraken on 14 October.
The above is the detailed content of Bitcoin (BTC) ETFs Nearing the Milestone of $20B in Net Inflows, Poised to Surpass Satoshi as Largest BTC Holder by Christmas. For more information, please follow other related articles on the PHP Chinese website!

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比特币最小单位:聪(satoshi)详解及应用比特币(BTC),作为首个也是市值最高的加密货币,虽然旨在充当货币,但其技术特性更使其适合作为投资资产。然而,比特币的高昂价格使得大多数人难以负担完整一枚比特币。幸运的是,比特币可细分为更小的单位——聪(satoshi)。本文将详细解释聪的概念、使用方法及其在比特币生态系统中的作用。什么是聪(satoshi)?聪是比特币的最小单位,相当于1亿分之一个比特币(0.00000001BTC)。它以比特币神秘创造者中本聪(SatoshiNakamoto

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