Bitcoin ETFs now hold 95% of Satoshi’s Bitcoin holdings
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US spot Bitcoin ETFs are just 5% shy of Satoshi's estimated stochastic gain. Bitcoin ETFs that have recently entered the US space have picked up pace, with weekly inflows of 17,000 BTC.
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US spot Bitcoin ETFs are well on their way to surpassing Satoshi Nakamoto to become the largest holder of Bitcoin. These funds accumulated about 1.04 million BTC, which reached 95% of Satoshi Nakamoto's holdings of approximately 1.1 million BTC, according to data compiled by Shaun Edmondson and verified by Bloomberg ETF analyst Eric Balchunas.
Balchunas predicts that the Bitcoin ETF will soon own more bitcoins than Satoshi Nakamoto, and the milestone is expected around Thanksgiving.
As of October 28, US Bitcoin funds held a total of 983,334 BTC, which means they have increased by more than 56,000 BTC in the past two weeks.
After Donald Trump won the US presidential election, the collection rate increased. In the four days after Election Day, U.S. spot Bitcoin ETFs saw a record inflow of $3.4 billion, according to data from Farside Investors.
The group's best performance was last Thursday, when investors poured in about $1.3 billion. BlackRock's IBIT itself claimed a record-breaking $1.1 billion, along with the highest trading volume of the day.
According to Balchunas, US spot Bitcoin ETFs are accumulating Bitcoin at a rate of approximately 17,000 BTC per week. By maintaining this amount, these funds will soon surpass Satoshi's estimated holdings of Bitcoin in December 2024.
Edmondson's list of top Bitcoin holders is held by major entities including MicroStrategy. On Monday, the company announced that it had added 27,200 BTC to its portfolio. It now holds 279,420 BTC worth about $23 billion.
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