In a significant development for the cryptocurrency industry, US spot Bitcoin ETFs now hold more Bitcoin than the anonymous creator of Bitcoin, Satoshi Nakamoto, is estimated to possess. This milestone reflects the growing institutional interest and involvement in the Bitcoin market.
The increasing accumulation of Bitcoin by these ETFs indicates a shift towards mainstream acceptance and the integration of cryptocurrency into traditional financial products. It demonstrates how Bitcoin continues to gain legitimacy as an asset class.
This development could potentially influence market dynamics and further the adoption of Bitcoin, encouraging more investors to view it as a feasible investment vehicle.
Источник: cointelegraph.com ↗