U.S. Bitcoin ETF holdings are increasing by an average of approximately 37,510 BTC per month, which will soon exceed Satoshi Nakamoto’s estimated holdings.
U.S. spot bitcoin exchange-traded funds (ETFs) may soon hold more bitcoin than the cryptocurrency’s anonymous creator, Satoshi Nakamoto.
Bloomberg ETF analyst Eric Balchunas published a chart to X on August 13 showing that the ETF currently holds 909,700 Bitcoins
At the current price of about $60,500, the total value is about $55.1 billion.
They are closing in on Satoshi Nakamoto’s estimated 1.1 million BTC reserves, which the mysterious creator mined in the early days of BTC and has not touched since disappearing 13 years ago.
On average, Bitcoin ETFs are adding about 37,510 BTC to their holdings each month, and at this rate, their holdings could surpass Satoshi’s by January, a year after their initial launch.
Balchunas believes these funds could surpass Satoshi Nakamoto’s assets as early as October.
Source: Eric Balchunas
“BlackRock alone is already ranked third and is on track to be No. 1 by the end of next year and will likely stay there for a long time,” Balciunas wrote.
These ETFs may already exceed Satoshi Nakamoto’s total Bitcoin holdings, as some estimates put the creator’s holdings at as low as 600,000 BTC spread across as many as 20,000 wallets.
No one can determine the exact number of Bitcoins held by Satoshi Nakamoto because the creator of Bitcoin used a new wallet in the early days of Bitcoin to receive the 50 Bitcoin reward for each block mined.
Satoshi was the largest miner at the time, and the process required far fewer resources than it does today.
Since January, net inflows into the 11 Bitcoin ETFs totaled $17.35 billion, including net outflows of $19.49 billion from Grayscale’s flagship ETF.
According to Farside Investors, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has accounted for the majority of inflows, with $20.33 billion in Bitcoin inflows as of August 12, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC), with $9.72 billion.
