US spot Bitcoin ETFs surpass Satoshi Nakamoto, becoming world’s largest Bitcoin holder

Dezember 6, 2024 Market Analysis 0

Key Takeaways

US spot Bitcoin ETFs have accumulated approximately 1,104,000 BTC, surpassing Satoshi Nakamoto’s holdings.
Bitcoin ETFs in the US have become the largest collective holder of Bitcoin globally.

US spot Bitcoin ETFs have amassed around 1,104,000 BTC, exceeding Satoshi Nakamoto’s estimated holdings of 1.1 million BTC, according to data compiled by Shaun Edmondson and shared by Bloomberg ETF analyst Eric Balchunas.

US Bitcoin ETFs now hold more coins than the pseudonymous creator of Bitcoin – Photo: @EdmondsonShaun

The milestone positions the group as the world’s largest collective holder of Bitcoin, exceeding the holdings of major exchanges, governments, and other prominent entities.

Balchunas had previously forecast this development, anticipating that Bitcoin ETFs would overtake Satoshi’s holdings around the Thanksgiving period.

The ETFs’ rapid accumulation demonstrates substantial investor interest in Bitcoin exposure through regulated investment vehicles, despite these products only recently launching in the US market.

On Thursday, spot Bitcoin ETFs experienced net inflows of $766 million, extending their winning streak to six consecutive days. per Farside Investors data.

This is a developing story.