Analysis: The BTC holdings of the US Bitcoin spot ETF are expected to exceed 1 million coins next Wednesday

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas stated that the total amount of Bitcoin held by the U.S. spot Bitcoin ETF is expected to reach 1 million coins by next Wednesday and exceed Satoshi Nakamoto's holdings by mid-December. Currently, it is increasing by about 17,000 BTC per week.

However, anything is possible, such as a severe sell-off delaying this process, but it remains inevitable. Conversely, if prices continue to rise and Trump wins the election, we may see a surge in FOMO (fear of missing out) sentiment, accelerating this process.