It looks like U.S. spot Bitcoin ETFs are about to hit a major milestone, as Bloomberg's Eric Balchunas thinks that Bitcoin held by these funds could cross the one million BTC threshold by next Wednesday. This means that ETF issuers could overtake Satoshi Nakamoto's alleged 1.1 million BTC holding by mid-December - a huge moment for the cryptocurrency world.

This timeline is picking up speed thanks to the current trend of adding about 17,000 BTC per week to these ETFs. But market conditions could change this, either pushing it back or speeding it up.