At the current rate at which U.S. Bitcoin exchange-traded funds (ETFs) are accumulating Bitcoin (BTC) holdings, the number of Bitcoins held by these funds may soon exceed that of the mysterious anonymous creator of Bitcoin, Satoshi Nakamoto. .
A chart released by Bloomberg ETF analyst Eric Balchunas on Tuesday (13th) shows that the U.S. Bitcoin spot ETF currently holds a total of 909,700 Bitcoins (worth approximately US$55.1 billion), which is approaching Satoshi Nakamoto Estimated holdings of 1,100,000 BTC (worth approximately $66.5 billion). Satoshi Nakamoto mined these Bitcoins in the early days of Bitcoin, and they haven’t changed since disappearing 13 years ago.
On average, Bitcoin spot ETF holdings increase by approximately 37,510 BTC each month, which means that at this rate, these funds may surpass Satoshi Nakamoto’s holdings by January next year, which happens to be these Bitcoins One year anniversary of the first launch of spot ETFs. Balchunas believes that these funds may surpass Satoshi Nakamoto’s holdings as early as October. He went on to write:
"BlackRock alone (in ETF holdings) is already No. 3 and is on track to become No. 1 in the second half of next year and will likely stay there for a long time."
However, the U.S. Bitcoin spot ETF holdings may have exceeded Satoshi Nakamoto, as some estimate that the number of Bitcoins held by Satoshi Nakamoto may be as low as 600,000 BTC, dispersed in as many as 20,000 wallets. Because the Bitcoin creator used a new wallet in the early days to receive the 50 BTC reward for each block mined, no one has been able to accurately calculate Satoshi Nakamoto’s Bitcoin holdings. 1.1 million is The total number generally believed by the outside world.
According to statistics from SoSo Value, a one-stop financial research platform, as of August 13, the total net capital inflows of 12 Bitcoin spot ETFs have reached US$17.4 billion, including the Grayscale Bitcoin Trust Fund (GBTC) ) had a net outflow of US$19.49 billion.
