US spot Bitcoin ETFs now collectively hold more Bitcoin than is estimated to be held by the anonymous Bitcoin creator, Satoshi Nakamoto.
United States spot Bitcoin exchange-traded funds (ETF) have hit a new milestone as their total BTC holdings flip those held by Satoshi Nakamoto.
Following the historic launch of spot Bitcoin ETF trading in the US in January, Bitcoin ETFs have, for the first time, surpassed 1.1 million BTC, Bloomberg ETF analyst Eric Balchunas wrote on X on Dec. 6, citing market watcher Shaun Edmondson.
“The US spot ETFs have just passed Satoshi in total Bitcoin held, now hold more than 1.1 million, more than anyone in the world, and they’re not even a year old yet, literally babies still. Mind-blowing,” Balchunas said.
