Editor's PiCK
Joo Ki-young: "Recent Demand for Bitcoin Spot ETF, Level at Time of Approval Earlier This Year"
Son Min
Summary
- Recent demand increase for Bitcoin spot ETF is attracting attention.
- The demand for Bitcoin spot ETF is returning to the level expected at the time of the first approval earlier this year.
- Satoshi Nakamoto's large-scale Bitcoin holdings have been mentioned as the background for such demand increase.
A statement has emerged that the recent Bitcoin spot ETF craze is similar to the atmosphere and factors at the time of Bitcoin spot ETF approval. On the 2nd (local time), Joo Ki-young, CEO of CryptoQuant, stated through X, "The Bitcoin spot ETF held as much Bitcoin as Satoshi Nakamoto, the creator of Bitcoin," and "The demand for Bitcoin spot ETF shows the strength of the level at the time of the first approval of Bitcoin spot ETF earlier this year." Meanwhile, Satoshi Nakamoto's estimated holdings are currently 1,096,160 BTC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
