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Bitcoin ETFs to overtake Satoshi Nakamoto? $3.4B inflows say they might! Ambcrypto 13 Nov 2024

Bitcoin ETFs to overtake Satoshi Nakamoto? $3.4B inflows say they might! 💹

Bitcoin ETFs have seen massive inflows, totaling $3.4 billion in the span of just four days following the recent elections. This surge in investments could potentially place these financial instruments ahead of the holdings attributed to Bitcoin's mysterious creator, Satoshi Nakamoto.

The influx highlights a growing confidence in Bitcoin ETFs as a legitimate investment, driven by both institutional and retail investors seeking exposure to the cryptocurrency without needing to directly purchase Bitcoin.

This development may indicate a shift in the perception and adoption of cryptocurrencies, positioning ETFs as a major player in the crypto landscape and raising questions about the future role of traditional holders like Nakamoto.

Source: ambcrypto.com ↗

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