Bitcoin ETFs Accumulate 900,000 BTC, Nearing Satoshi Nakamoto's Holdings!Spot Bitcoin (BTC) exchange-traded funds (ETFs) have amassed over 900,000 BTC since their launch, and are on track to surpass the 1.1 million BTC held in the wallets of Bitcoin's anonymous creator, Satoshi Nakamoto
Bitcoin ETFs Accumulate 900,000 BTC, Nearing Satoshi Nakamoto's Holdings!
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have amassed over 900,000 BTC since their launch, and are on track to surpass the 1.1 million BTC held in the wallets of Bitcoin's anonymous creator, Satoshi Nakamoto.
ETF analyst Eric Balchunas recently shared a list of spot Bitcoin ETF holdings, highlighting that as of September 24th, they collectively held 916,047 BTC. He pointed out that these ETFs are nearing the 1 million BTC threshold, representing a mere 17% gap from Satoshi Nakamoto's estimated holdings. At the current price of $63,622.03, reaching 1 million BTC equates to over $63.6 billion.
BlackRock's iShares Bitcoin Trust ETF (IBIT) leads the pack in terms of holdings among US traded funds, owning 358,080 BTC, while Grayscale's ETFs, GBTC and Grayscale Bitcoin Trust (BTC), collectively hold 258,671 BTC. Following closely in third place is Fidelity's ETFFBTC, holding 184,490 BTC. These three Bitcoin ETFs account for nearly 86% of the BTC held by all 11 US traded ETFs.
Shaun Edmondson, the author of the list shared by Balchunas, noted that Fidelity, as the custodian for MicroStrategy, holds approximately 100,000 BTC. However, these holdings are not included in the report.
It's worth noting that, according to on-chain data, BlackRock added nearly 530 BTC to its wallets in the past 24 hours. The asset management firm last bought Bitcoin a week ago, transferring 273 BTC from CoinbasePrime vaults.
On September 24th, spot Bitcoin exchange-traded funds (ETFs) saw a total inflow of $17.8 billion, according to data from Farside Investors. This new record comes after four consecutive days of inflows, totaling approximately $391 million.
Fidelity's FBTC leads with positive inflows of $117.7 million. BlackRock's IBIT follows closely with inflows of $110.4 million, despite having no activity on two of the past four trading days. This significant amount is attributed to yesterday's inflow of nearly $99 million into IBIT.
ARK21Shares' ARKB tops the list of Bitcoin ETFs with inflows exceeding $100 million, registering net inflows of $103.1 million over the four trading days.
Summary:
The continued growth trend of spot Bitcoin ETFs signifies a growing interest in digital assets among institutional investors. As more investors include Bitcoin in their portfolios, it is expected that Bitcoin ETF holdings will continue to rise, further driving the price of Bitcoin upwards.
Here are some additional points that may be helpful:
- The launch of Bitcoin ETFs provides institutional investors with a secure, transparent, and regulated way to invest in Bitcoin.
- With more institutional investors entering the Bitcoin market, the price of Bitcoin is expected to continue to rise.
- The growth trend of Bitcoin ETFs indicates that the digital asset market is maturing.
Please note that the above information is for informational purposes only and does not constitute investment advice. Any investment decision should be based on your own research and financial circumstances.
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