BlackRock Bitcoin ETF has been single-handedly dominating the ETF market, clocking one other $287.5 million in inflows on Tuesday. With over $46 billion in flows since inception in January 2024, Bloomberg Senior ETF Analyst Eric Balchunas believes that the asset supervisor will overtake Satoshi Nakamoto’s BTC holdings by subsequent summer time. Moreover, if the Bitcoin worth rallies to $150K, BlackRock can attain this milestone even quicker. BlackRock Poised to Overtake Satoshi Nakamoto in BTC Holdings Eric Balchunas identified that BlackRock is now the second-largest Bitcoin holder globally, trailing solely the pseudonymous BTC creator Satoshi Nakamoto. In accordance with Balchunas, if the BlackRock Bitcoin ETF continues to build up at this charge, it may turn into the most important Bitcoin holder by subsequent yr’s summer time. Supply: Eric Balchunas Balchunas speculated that if Bitcoin reaches $150,000 within the coming months, it may spark a “feeding frenzy” amongst monetary advisors. With large Bitcoin ETF inflows just lately, BlackRock knocked… Read More at Coingape.com
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