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Spot Bitcoin ETFs Now Hold More BTC Than Satoshi Nakamoto

  • Spot Bitcoin ETFs listed in the U.S. now hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings.
  • BlackRock’s iShares Bitcoin ETF leads with 521,375 BTC, making it the third-largest Bitcoin holder globally.
  • Weekly inflows into Bitcoin ETFs have surged past $2.35 billion, coinciding with BTC hitting an all-time high of $103,670.
  • Ethereum ETFs also posted record inflows, adding $752 million in a single week.

In a groundbreaking milestone for Bitcoin’s financial ecosystem, U.S.-listed spot Bitcoin ETFs have collectively surpassed Satoshi Nakamoto’s estimated holdings. These funds now hold 1,104,354 BTC, valued at $109 billion, or about 5.57% of Bitcoin’s total market cap, according to data from SoSoValue.

https://twitter.com/BizPulse360/status/1874366609076453560

Leading the pack is BlackRock’s iShares Bitcoin ETF (IBIT), which holds 521,375 BTC—more than double the assets managed by the Grayscale Bitcoin Trust (GBTC). This makes BlackRock the third-largest Bitcoin holder in the world.

“Spot Bitcoin ETFs are rewriting the rules of institutional Bitcoin adoption,” noted one analyst on X (formerly Twitter).

Bitcoin ETF Inflows Hit Record Levels

The momentum doesn’t stop there. Spot Bitcoin ETFs recorded their second-highest weekly inflows since launching in January, attracting over $2.35 billion this week alone.

https://twitter.com/EdmondsonShaun/status/1864978517089218870

On December 5, inflows surged to $766 million, coinciding with Bitcoin’s price rally past the $100,000 mark, reaching a record high of $103,670. BlackRock’s IBIT contributed significantly, bringing in $770 million in a single day.

This surge in demand highlights the growing institutional appetite for Bitcoin as it solidifies its position as a mainstream financial asset.

Ethereum ETFs See Record Inflows Too

Not to be outdone, Ethereum (ETH) ETFs also enjoyed their best week since launch, with inflows surpassing $752 million. These products have faced pressure from outflows in the Grayscale Ethereum ETF but are now showing signs of resilience.

On December 5, Ethereum ETFs posted a single-day record of $428 million in inflows, pushing their total holdings to $12.51 billion—equivalent to 2.71% of Ethereum’s market cap.

A New Era for ETFs in the U.S. Market

The performance of spot Bitcoin ETFs, particularly BlackRock’s IBIT, has broken records in the U.S. ETF market. 

Bloomberg analyst Eric Balchunas highlighted IBIT’s rapid growth:

https://twitter.com/EricBalchunas/status/1864476749792166370

“$IBIT reached $50 billion in assets in just 228 days, over five times faster than any ETF ever launched.”

Balchunas went on to describe Bitcoin as a “special asset,” noting its unique position in the financial landscape compared to other cryptocurrencies.

Bitcoin’s Price Update

Despite the bullish developments, Bitcoin’s price experienced a minor pullback, trading at $93,787 after a 2% drop in the last 24 hours. Even so, the long-term outlook remains optimistic, with spot Bitcoin ETFs proving to be a game-changer for institutional adoption and market dynamics.