The post US Bitcoin ETFs Surpass 1.1 Million BTC, Raising Questions About Satoshi Nakamoto’s Holdings appeared on BitcoinEthereumNews.com.

The recent surge in Bitcoin ETF holdings has reached a significant milestone, surpassing the estimated holdings of Satoshi Nakamoto, the creator of Bitcoin. The total Bitcoin held by US spot ETFs now exceeds 1.1 million BTC, with BlackRock leading the charge in volume. “US spot ETFs have just passed Satoshi in total bitcoin held, now hold more than 1.1m, more than anyone in the world,” stated ETF analyst Eric Balchunas. US Bitcoin ETFs hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings, in a significant milestone for institutional investment. Breaking Records: Bitcoin ETFs’ Explosive Growth The US spot Bitcoin ETFs have achieved a remarkable milestone, holding a combined 1,105,923 BTC. This significant increase highlights the growing institutional interest in cryptocurrency amidst market fluctuations. BlackRock’s IBIT ETF leads with approximately 521,164 BTC, positioning itself at the forefront of the Bitcoin ETF landscape, while Grayscale and Fidelity follow closely. The cumulative ETF assets now exceed $109 billion, fueled by an impressive $33 billion in net inflows since their inception in January. Impact of Bitcoin’s Milestone on Market Sentiment With Bitcoin recently breaching the $100,000 mark, the influx of capital into these ETFs reflects a broader trend of institutional adoption. They have collectively attracted nearly $2.35 billion in net inflows just this week, indicating robust market confidence. Such inflows may suggest an ongoing trend of capital moving from traditional investments into cryptocurrencies, bolstering Bitcoin’s status as a viable asset class. The identity of Satoshi Nakamoto, who is credited with mining approximately 1.1 million BTC, continues to intrigue the crypto community. This individual has not moved their coins since their creation, leading to ongoing speculation about their identity. Meanwhile, corporate adoption of Bitcoin has surged, with companies like MicroStrategy leading the way, holding 402,100 BTC and investing heavily in the cryptocurrency since 2020.…

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Filed under: News - @ December 7, 2024 2:24 am