
Exchange-traded funds (ETFs) for Bitcoin in the United States have shown a remarkable growth trajectory. Since receiving regulatory permission from the U.S. Securities and Exchange Commission (SEC) in January, the products have been steadily accumulating Bitcoin.
Road to beating Satoshi Nakamoto
The accomplishment of the ETFs was emphasised by Bloomberg’s Senior ETF Analyst, Eric Balchunas, in a post on X. Since the items were authorised for commerce, the post has drawn attention to their overall performance.
Interestingly, the U.S. Bitcoin ETF had inflows of $17.8 billion in 2024, which broke the previous record for the digital asset’s 916,047 BTC year-to-date (YTD) accumulation. That puts us just 84,000 Bitcoins short of a million Bitcoins.
The unidentified person who invented Bitcoin, Satoshi Nakamoto, is said to have 1.1 million Bitcoin. These Bitcoin ETFs have reached 83% of Satoshi’s holdings and may perhaps surpass them, given their current growth trajectory.
These institutional investors have the ability to surpass Satoshi’s record and overtake him if they continue to increase their inflows. This, according to analysts, emphasises the institutional goods’ growing market share.
https://x.com/EricBalchunas/status/1838920910809481531
Institutional titans lead Bitcoin-holding race
In the meanwhile, Satoshi Nakamoto leads a list of the top 12 Bitcoin holders worldwide with 673,783 BTC, closely followed by Binance. With their own ETF products, BlackRock, Fidelity, and Greyscale hold 359,271 BTC, 287,153 BTC, and 254,677 BTC, in that order.
The total amount of Bitcoin held by these three asset managers is 901,101 BTC. With a balance of 14,946 BTC, that leaves the other five asset managers holding Bitcoin ETFs.
With 252,220 BTC, Michael Saylor’s business intelligence company MicroStrategy is ranked sixth. With its aggressive acquisition strategy, the company may soon join the exclusive group of the “top five” Bitcoin holders worldwide.