U.S. Bitcoin spot ETF holdings surpass Satoshi Nakamoto! Bitwise: Altcoin performance decouples from BTC, Ethereum recovers

According to the analysis by Eric Balchunas, a Bloomberg ETF analyst, the total Bitcoin holdings of U.S. Bitcoin spot ETFs have just surpassed the 1.1 million BTC owned by Satoshi Nakamoto, the inventor of Bitcoin, reaching 1,104,534 BTC. Additionally, according to a supplement from a netizen, among the U.S. Bitcoin spot ETFs, BlackRock's IBIT has the largest holdings at 521,375 BTC, followed by Grayscale with 251,330 BTC, and Fidelity's FBTC in third place with 199,246 BTC, while the holdings of the remaining funds range from tens of thousands to a few thousand BTC. The analyst pointed out that Altcoins have shown a decoupling phenomenon from Bitcoin. Bitwise's European research head André Dragosch stated that in the past month, 85% of the Altcoins tracked by their index have outperformed Bitcoin, and Altcoins seem to be driven by more diverse investment narratives, with their performance correlation with Bitcoin weakening, indicating greater potential for Altcoin outperformance compared to the period before the U.S. election. Notably, Ethereum, the second-largest cryptocurrency and the largest Altcoin, strongly surpassed $4,000 yesterday, reaching $4,034 at the time of writing, with a 24-hour gain of 3.7%.