Bitcoin ETFs Hold Over 1.2 Million BTC, Surpassing Satoshi Nakamoto's Holdings

Dec 6, 2024, 02:12 PM

U.S. spot Bitcoin ETFs have surpassed the Bitcoin holdings of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. According to Bloomberg ETF analyst Eric Balchunas, these ETFs now hold over 1,200,000 BTC, exceeding Satoshi Nakamoto's estimated stash of 1.1 million BTC. This milestone positions the ETFs as the largest single entity holding Bitcoin globally. The growth of these ETFs highlights their increasing significance in the cryptocurrency market.