Bitcoin Exchange-Traded Funds Set to Surpass Satoshi in BTC Holdings
Bitcoin exchange-traded funds (ETFs) have been amassing billions of dollars’ worth of the cryptocurrency over the past few months, with the successful ETF launches this year positioning them to soon collectively hold more Bitcoin than its enigmatic founder, Satoshi Nakamoto.
According to a chart shared by Bloomberg ETF analyst Eric Balchunas on Twitter, the 10 Bitcoin funds now trading on American stock exchanges have accumulated close to a million digital coins. While the figures in the graph may slightly differ from the current totals due to fluctuations such as Grayscale’s Bitcoin ETF experiencing outflows recently, it is projected that the funds will soon surpass the stash believed to be held by Satoshi Nakamoto.
Balchunas estimates that by October, Bitcoin ETFs will collectively exceed the 1.1 million BTC attributed to Satoshi. He further predicts that BlackRock’s fund will emerge as the largest holder by late 2025 based on the current accumulation rate.
The origin of Bitcoin traces back to its mysterious creator, Satoshi Nakamoto, who mined the first Bitcoin in 2009 under this pseudonym. While it is widely believed that Satoshi mined around 1.1 million BTC, known as the Patoshi pattern, some analysts have raised disputes regarding this theory.
The recent surge in Bitcoin ETFs has been remarkable, with the January launch marking one of the most successful ETF debuts in history. Major fund managers like BlackRock and Fidelity have capitalized on this trend, accumulating significant amounts of Bitcoin on behalf of investors. BlackRock’s iShares Bitcoin Trust (IBIT) currently leads the pack, holding over 347,994 BTC, closely followed by Grayscale with 232,542 BTC, bringing the total Bitcoin held by these funds to nearly 900,000 BTC.
The influx of funds into Bitcoin ETFs has provided investors with a regulated and secure avenue to invest in cryptocurrency. This shift has seen substantial inflows into these funds, with billions of dollars pouring in as previously hesitant investors found a safe entry point into the crypto market.
As Bitcoin ETFs continue to gain traction and accumulate more of the cryptocurrency, they are on track to surpass the holdings attributed to Satoshi Nakamoto, marking a significant milestone in the evolution of the digital asset landscape.
