Key Takeaways
- U.S. Bitcoin ETFs hold 909,700 BTC, nearing Satoshi Nakamoto’s estimated 1.1 million BTC.
- Bitcoin ETFs are adding around 37,510 BTC per month to their holdings.
- BlackRock's iShares Bitcoin Trust ETF is set to become the largest holder by next year.
U.S. Bitcoin exchange-traded funds (ETFs) are on track to collectively surpass the estimated Bitcoin holdings of Satoshi Nakamoto, the anonymous creator of Bitcoin.
As of August 13, these ETFs hold a total of 909,700 BTC, valued at approximately $55.1 billion. This puts them close to overtaking Nakamoto’s estimated stash of 1.1 million BTC, which has remained untouched for over 13 years.
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On average, these ETFs have been adding 37,510 BTC per month to their holdings.
At this pace, they could surpass Nakamoto’s holdings as early as October, according to Bloomberg ETF analyst Eric Balchunas. He also noted that BlackRock’s iShares Bitcoin Trust ETF (IBIT) is the largest contributor to this growth, with $20.33 billion in Bitcoin as of August 12, making it the third-largest holder and on track to become the largest by next year.
Satoshi’s holdings
There are estimates suggesting that Nakamoto’s actual holdings might be lower, around 600,000 BTC. If this is the case, the ETFs may have already overtaken the mysterious creator’s total stash. Despite the difficulty in pinpointing the exact amount, the rapid growth of these ETFs highlights their increasing influence in the Bitcoin market.
