BlackRock ETF Set to Dethrone Bitcoin’s Royal Pain, Satoshi Nakamoto 🤑

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It seems that the financial world is about to witness a spectacle of such magnitude that it would make even the most jaded of us sit up and take notice. The BlackRock Bitcoin ETF, a veritable juggernaut in the ETF market, has been raking in the moolah like a cat at a fish market, with a staggering $287.5 million in inflows on Tuesday alone. Since its inception in January 2024, this financial behemoth has amassed a jaw-dropping $46 billion in flows, and Bloomberg Senior ETF Analyst Eric Balchunas is convinced that it will soon overtake the enigmatic Satoshi Nakamoto’s BTC holdings by next summer. If Bitcoin were to rally to a dizzying $150K, this milestone could be achieved even sooner, much to the chagrin of Satoshi and the delight of financial advisors everywhere. 🚀

According to Balchunas, BlackRock is now the second-largest Bitcoin holder globally, a position that would have been unthinkable just a few years ago. The only entity standing between BlackRock and the top spot is the elusive Satoshi Nakamoto, a figure so mysterious that he might as well be a character from a Jules Verne novel. Balchunas predicts that if the BlackRock Bitcoin ETF continues to accumulate at its current rate, it could become the largest Bitcoin holder by next summer, a development that would send ripples through the crypto community and beyond. 🌊

Source: Eric Balchunas

Balchunas also speculated that a Bitcoin price of $150,000 could spark a “feeding frenzy” among financial advisors, a term that is as apt as it is alarming. With the recent massive inflows into Bitcoin ETFs, BlackRock has already knocked several other players out of the park, and it shows no signs of slowing down. 🏏

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2025-05-21 09:44