Bitcoin ETFs Close in on Surpassing Satoshi Nakamoto’s Holdings
The newly introduced Bitcoin exchange-traded funds (ETFs) have been steadily amassing vast amounts of Bitcoin over the past few months. These successful ETFs launched this year are on track to collectively hold a greater quantity of the cryptocurrency compared to the elusive creator of Bitcoin, Satoshi Nakamoto.
Bloomberg’s ETF analyst, Eric Balchunas, recently shared a chart on Twitter illustrating that the 10 Bitcoin ETFs currently available on American exchanges together possess close to a million digital coins. Despite minor fluctuations in numbers, such as Grayscale’s Bitcoin ETF experiencing recent outflows, ETFs are expected to exceed Satoshi’s believed 1.1 million BTC holdings by October. BlackRock’s fund could potentially become the largest holder by the end of 2025.
Satoshi Nakamoto, known as the pseudonymous inventor of Bitcoin, is speculated to have mined approximately 1.1 million BTC back in 2009 following the Patoshi pattern theory. Though Satoshi’s true identity remains a mystery, the institutional investments influx through Bitcoin ETFs has substantially fortified the cryptocurrency market.
The introduction of Bitcoin ETFs earlier this year marked a significant milestone in the market, attracting substantial investments from individuals eager to engage in Bitcoin through a regulated framework. Major players in the industry like BlackRock and Fidelity have seized this opportunity, amassing considerable quantities of Bitcoin for their clients. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) currently holds over 347,994 BTC, positioning it as the leading fund manager in terms of Bitcoin holdings.
The exponential growth of Bitcoin ETFs indicates a pivotal transformation in the cryptocurrency market as conventional financial institutions progressively adopt digital assets in their investment portfolios. The prospective achievement of ETFs surpassing Satoshi Nakamoto’s holdings spotlights the mounting influence institutional investors wield in the crypto landscape, molding its future trajectory.
