Just three days after celebrating the 15th anniversary of the Genesis block, the first block of Bitcoin (BTC) mined by the anonymous creator Satoshi Nakamoto, a notable transaction was recorded on the Bitcoin network. According to on-chain data, a market participant transferred 27 BTC worth $1.17 million to a wallet address starting with 1A1zP…, which is associated with Satoshi Nakamoto.
Is Satoshi Nakamoto’s Wallet Address Active Again?
A market participant intriguingly sent 27 BTC worth $1.17 million from the cryptocurrency exchange Binance to the wallet address beginning with 1A1zP…, belonging to Bitcoin’s anonymous creator Satoshi Nakamoto, on January 6th.
This $1.17 million transaction caused a stir in the cryptocurrency world, quickly spreading through the community and leading many market participants to speculate that Satoshi Nakamoto had returned. Some pointed out that the person behind the transaction might not be Satoshi Nakamoto but aimed to highlight Bitcoin’s adoption and growth.
Final Stages Reached for Spot Bitcoin ETFs
The $1.17 million transaction to Satoshi Nakamoto’s wallet address coincided almost exactly with the submission of 19b-4 updates by issuers of spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC). This led to speculation that the SEC might approve spot Bitcoin ETFs in the coming week.
Bloomberg ETF analyst James Seyffart noted that the 19b-4 updates do not guarantee ETF approval but represent significant progress in the process. Senior ETF analyst Eric Balchunas mentioned that the final S-1s would be submitted to the SEC on the first day of the following week, with expectations of the SEC approving spot Bitcoin ETFs on January 11th.
It is well known that the world’s largest asset management company BlackRock, along with Grayscale, Fidelity, Ark 21Shares, Bitwise, VanEck, Valkyrie, Invesco Galaxy, Hashdex, WisdomTree, and Franklin Templeton, are all competing for the approval of spot Bitcoin ETFs.
