With U.S. presidential elections approaching and the ‘Uptober’ phenomenon in full swing, Bitcoin surged past US$73,000, reaching an all-time high this week. Spot Bitcoin ETFs also saw strong inflows, coinciding with Bitcoin’s rise on Tuesday, marking their third-largest daily inflow of $870 million since launching in January. Soon, U.S. spot Bitcoin ETFs are expected to collectively hold nearly one million BTC – a figure close to Satoshi Nakamoto’s estimated holdings of 1.1 million BTC.
