US ETFs Become the Biggest Bitcoin Holders, Beating Satoshi
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- U.S. Bitcoin Spot ETFs now control 1,104,534 BTC, surpassing Satoshi Nakamoto’s holdings.
- BlackRock leads the ETF pack with 521,375 BTC, followed by Grayscale and Fidelity.
- Bitcoin has surged 134% this year, surpassing $100,000 amid institutional accumulation.
US Bitcoin ETFs now hold more Bitcoin than Satoshi Nakamoto. Data compiled by analyst Shaun Edmondson reveals these ETFs currently control 1,104,534 BTC, exceeding Nakamoto’s estimated holdings of 1.1 million BTC establishing them as the largest holders of Bitcoin worldwide.
US ETFs Lead Bitcoin Accumulation
BlackRock leads the ETF race with 521,375 BTC under its management. Following closely are Grayscale’s GBTC and Mini ETFs with 251,330 BTC and Fidelity’s FBTC with 199,246 BTC.
Other notable contributors include Ark/21Shares with 48,144 BTC and Bitwise with 41,062 BTC. The ETFs added 8,636 BTC in a single day, demonstrating relentless accumulation since their launch earlier this year.
Notably, their collective holding of 1.104 million BTC means institutional investors have put around $110 billion into the Bitcoin market this year.
Bloomberg Senior ETF Analyst Eric Balchunas tweeted a…
The post US ETFs Become the Biggest Bitcoin Holders, Beating Satoshi appeared first on Coin Edition.
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