Spot Bitcoin ETFs surpass Satoshi Nakamoto in number of BTC held
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Johny Smith
2024/12/20
3 mins read
US Bitcoin ETFs have reached a historic milestone. The volume of bitcoins managed by these funds exceeded 1.1 million coins. According to Bloomberg analyst Eric Balchunas, this is more than the addresses associated with the anonymous creator of the world’s main cryptocurrency, Satoshi Nakamoto.
As a reminder, spot ETFs were launched in the US in January 2024. Since then, they have grown in popularity due to the convenience of investing without the need to directly purchase Bitcoins. As of December 5, 2024, the funds owned 1,103,965 BTC, as confirmed by data from the HODL15Capital platform.
For comparison, Satoshi’s wallets, according to analysts, contain about 1.1 million BTC. These supplies represent approximately 5.2% of the total supply of 21 million coins. Thus, the funds for the first time bypassed the creator of the flagship digital currency, whose contribution to the development of the network and blockchain technology remains key.
Notably, the volume of BTC held in US ETFs is now 42% greater than that of the world’s leading trading platform Binance, and 63% greater than the holdings of MicroStrategy, the largest corporate holder of digital coins. This highlights the rapid growth of institutional interest in virtual assets.
Many experts believe that Satoshi Nakamoto died a long time ago, otherwise he would definitely show up and reveal the secret of his identity. For example, Mike Novogratz, CEO of Galaxy Digital, said in an interview with CNBC: “Satoshi, if he were alive, would probably be proud of the achievements of his technology. He couldn’t have stayed away and been silent for so many years.”
According to experts, the latest events symbolize an important moment in the history of Bitcoin. The excess volumes in the Funds’ vaults demonstrate that cryptocurrency has become a global asset managed by institutional participants. This success strengthens Bitcoin’s position as an investment instrument in the world.
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