US spot Bitcoin ETFs surpass Satoshi Nakamoto, becoming world's largest Bitcoin holder
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 surpassed Satoshi Nakamoto to become the world’s largest Bitcoin holder, according to data compiled by Shaun Edmondson and shared by Bloomberg ETF analyst Eric Balchunas. As of December 5, these funds have amassed around 1,104,000 BTC, exceeding Satoshi’s stash of 1.1 million Bitcoin.
US Bitcoin ETFs now hold more coins than the pseudonymous creator of Bitcoin – Photo: @EdmondsonShaun
The milestone puts the group in a leading position compared to various prominent exchanges, governments, and high-profile players such as MicroStrategy, which has 402,100 BTC in its portfolio. Balchunas had previously forecast this development. The analyst also predicted that spot Bitcoin ETFs would overtake gold ETFs in size by Christmas.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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