How Many $BTC Tokens Do All Bitcoin ETFs Hold?

Bittime - ETF Bitcoin in the United States managed to collect more Bitcoin (BTC) than its largest owner, Satoshi Nakamoto, the creator of Bitcoin. This is a historical milestone that indicates the great interest of investors in Bitcoin. 

Especially, through more structured and safe investment instruments such as ETF Bitcoin. However, what impact will this have on the crypto market as a whole and where does Satoshi Nakamoto stand in the Bitcoin ecosystem today? Let's discuss it in more depth.

Bitcoin ETF Outperforms Satoshi Nakamoto

Source: Coincu

The Spot Bitcoin ETF on the US market recently recorded a major milestone with total Bitcoin holdings exceeding 1.1 million BTC, beating the estimated amount of BTC held by Satoshi Nakamoto, which is estimated to be approx 1.1 million BTC. 

This achievement is extraordinary considering that the Bitcoin ETF only started trading in January last year.

One of the leaders in the world ETF Bitcoin is BlackRock’s iShares Bitcoin Trust (IBIT) who manages 521.375 BTC, almost half of the total Bitcoin ETF holdings in the US. 

Apart from BlackRock, Grayscale Bitcoin Trust also took second place with 251.330 BTC, followed by Fidelity’s FBTC with 199.246 BTC. With these large holdings, US Bitcoin ETFs are now a major force changing the landscape of the world's largest Bitcoin holders.

Read also: 10 Large Companies That Own the Most Bitcoin

On-Chain Data and Bitcoin ETF Asset Growth

This achievement cannot be separated from the large investor interest in Bitcoin, which is reflected in the surge in inflow into the Bitcoin ETF. 

Data released by the analytics company SoSoValue shows that on the date December 5, there is an inflow of funds of $766.66 million, which brought the total Bitcoin ETF inflow for the week to more than $2.7 billion. 

This is a clear sign that investors are increasingly interested in investing through ETF instruments which are considered safer and more regulated than buying Bitcoin directly.

As interest in Bitcoin increases, Satoshi Nakamoto's position is now threatened. 

If previously Satoshi was considered the largest Bitcoin holder in the world, now Binance with 633.103 BTC, MicroStrategy with 402.100 BTC, And US government with 198.109 BTC began to dominate the list of largest global Bitcoin holders.

Why Does Satoshi Nakamoto Remain a Mystery?

Although Satoshi Nakamoto known as the creator of Bitcoin and one of the largest holders of Bitcoin, his identity remains a mystery. Many have speculated about who Satoshi really was, and some have even suggested that he may no longer be alive. 

Mike Novogratz, CEO of Galaxy Digital, stated in an interview in December that he believed Satoshi was no longer alive. 

“If Satoshi were still alive, I'm sure he would be smiling at Bitcoin now surpassing the $100,000 mark,” Novogratz said, referring to the significant spike in Bitcoin prices.

Read also: Bitcoin is predicted to be overbought, this means for the crypto market

Satoshi's Position In The Global Bitcoin Landscape

Although Satoshi Nakamoto now in second place on the list of largest Bitcoin holders, his holdings remain of historical significance. With around 1.1 million BTC in his possession, Satoshi rules 5,2% of the limited total supply of Bitcoin, which is only 21 million BTC. 

This makes him one of the most influential actors in the crypto world, even though the amount of BTC he currently holds can be matched by several other large entities.

However, in recent months, the role ETF Bitcoin increasingly dominant. Data shows that by continuing to accumulate Bitcoin at a rapid rate, US Bitcoin ETFs could soon surpass Satoshi in terms of Bitcoin holdings in 2024. 

BlackRock’s IBIT, for example, is now accumulating Bitcoin at a rate of approx 17,000 BTC per week, a number large enough to ensure this ETF continues to grow and contribute to market dominance.

What Does This Mean for Investors and Markets?

As Bitcoin holdings become increasingly concentrated in ETFs, many are starting to wonder about the long-term impact on the market. 

On the one hand, this shows growing confidence in Bitcoin as a safe and structured asset. On the other hand, it also shows the dominance of a few large entities that control most of the Bitcoin supply.

For investor Bitcoin, this could be a good signal that more institutions are starting to embrace Bitcoin as part of their portfolio. 

However, there are also concerns that a large concentration of ownership in the hands of a few parties could lead to an imbalance of power in influencing Bitcoin's price and important decisions in the crypto ecosystem.

Read also: Bitcoin and Crypto Heatmap: Understanding and Everything You Need to Know

Conclusion

ETF Bitcoin now owns more Bitcoin than Satoshi Nakamoto. This is an achievement that reflects the rapid development of this investment instrument. 

With rapid growth, the Bitcoin ETF now holds more than 1.1 million BTC, making it one of the largest Bitcoin holders in the world. 

However, despite the position Satoshi Nakamoto Now replaced by the Bitcoin ETF, the mystery surrounding the identity and exact amount of Bitcoin owned by the Bitcoin creator is still a matter of speculation. 

FAQs About Bitcoin

How Much is 1 Bitcoin Worth in US Dollars?

1 BTC currently costs IDR 99,163.93, which means a change of -0.19% in the last hour and a change of -0.89% in the last 24 hours.

Is Bitcoin a good investment?

Although Bitcoin offers advantages for investors, it is worth noting that Bitcoin is highly volatile, with sharp price fluctuations that can result in significant profits - or devastating losses.

Who created Bitcoin?

On October 31, 2008, Satoshi Nakamoto, the mysterious and anonymous inventor of Bitcoin, released the Bitcoin white paper, introducing the cryptocurrency - and how it can be used - to the world. By design, only 21 million Bitcoins would be “mined,” or released into the market.

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Reference 

Coincident, US Spot Bitcoin ETFs Now Hold More BTC Than Satoshi, accessed December 9, 2024.

Cointelegraph, US Bitcoin ETFs now hold more BTC than Satoshi Nakamoto, accessed December 9, 2024.

Crypto Briefing, Bitcoin ETFs now hold 95% of Satoshi's Bitcoin holdings, accessed December 9, 2024.

Author: Y