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About SKY

Sky (SKY) is a cryptocurrency launched in 2024. SKY has a current supply of 23.46Bn with 0 in circulation. The last known price of SKY is 0.093973216576 USD and is -0.00075203959 over the last 24 hours. It is currently trading on active market(s) with $14.15M traded over the last 24 hours. More information can be found at .
SKY Price Statistics
SKY’s Price Today
24h Price Change
-$0.000752039590.79%
24h Volume
$14.15M18.47%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3957
SKY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$2.20Bn
SKY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SKY Supply
Circulating Supply
0
Total Supply
23.46Bn
Max Supply
0
Updated Dec 07, 2024 1:53 am
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SKY
Sky
$0.093973216576
$0.00075203959(-0.79%)
Mkt Cap $0
There's nothing here for now
Spot Bitcoin ETFs Surpass Satoshi Nakamoto's Holdings
Spot Bitcoin ETFs Surpass Satoshi Nakamoto's Holdings
According to Decrypt, the landscape of digital assets has seen a significant shift as spot Bitcoin ETFs have surpassed the holdings of Bitcoin's pseudonymous creator, Satoshi Nakamoto. As of Thursday's market close, these ETFs collectively held 1,105,690 Bitcoin, valued at $110 billion, based on data from CoinGlass. This milestone marks a pivotal moment in the maturation of the cryptocurrency market, highlighting the increasing influence of Wall Street in the digital asset space. The spot Bitcoin ETFs, issued by ten asset managers in the U.S., began trading on January 11, with the exception of Grayscale's Bitcoin Mini Trust. This development is noteworthy as it surpasses the estimated 1.1 million Bitcoin believed to be held by Nakamoto, a figure that has long been a benchmark in the crypto community. The rapid accumulation of Bitcoin by these ETFs underscores the growing acceptance and integration of Bitcoin into mainstream finance. Bloomberg ETF Analyst Eric Balchunas described the achievement as "mind-blowing," noting that these financial products, which are less than a year old, have already overtaken the holdings of Bitcoin's creator. In a recent interview with Decrypt, Balchunas had predicted that Wall Street's Bitcoin products could surpass Nakamoto's holdings by Christmas. However, the ETFs have already attracted $2.4 billion since Monday, coinciding with Bitcoin's historic rise past $100,000 on Wednesday. This development comes more than 15 years after Bitcoin's inception. Despite Nakamoto's original vision of Bitcoin as a decentralized form of electronic cash, the involvement of major Wall Street firms in the cryptocurrency market has been instrumental in driving its value upward. BlackRock, the world's largest asset manager, has played a significant role in this transformation, with its iShares Bitcoin Trust holding 521,000 Bitcoin, worth $50 billion, according to CoinGlass. The surpassing of Nakamoto's holdings by spot Bitcoin ETFs signifies a new chapter in Bitcoin's history, transitioning from an esoteric digital currency to a mainstream financial asset. As Wall Street continues to embrace Bitcoin, the cryptocurrency's integration into traditional finance is just beginning, marking a significant evolution in its journey.
Dec 07, 2024 1:40 am

Frequently Asked Questions

  • What is the all-time high price of Sky (SKY)?

    The all-time high of SKY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Sky (SKY) is 0. The current price of SKY is down 0% from its all-time high.

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  • How much Sky (SKY) is there in circulation?

    As of , there is currently 0 SKY in circulation. SKY has a maximum supply of 0.

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  • What is the market cap of Sky (SKY)?

    The current market cap of SKY is 0. It is calculated by multiplying the current supply of SKY by its real-time market price of 0.093973216576.

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  • What is the all-time low price of Sky (SKY)?

    The all-time low of SKY was 0 , from which the coin is now up 0%. The all-time low price of Sky (SKY) is 0. The current price of SKY is up 0% from its all-time low.

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  • Is Sky (SKY) a good investment?

    Sky (SKY) has a market capitalization of $0 and is ranked #3957 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Sky (SKY) price trends and patterns to find the best time to purchase SKY.

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