Bitcoin spot ETFs worldwide now hold over 1 million BTC, a figure nearly equivalent to the estimated holdings of Bitcoin’s enigmatic creator, Satoshi Nakamoto.
With predictions of sovereign wealth funds and pension funds joining the fray, the total BTC held by ETFs is set to rise even further.Stay informed on the latest trends and future projections in the Bitcoin ETF landscape.
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Bitcoin Spot ETF Holdings Exceed 1 Million BTC
It has been revealed that the total amount of BTC managed by Bitcoin spot ETFs worldwide has surpassed 1 million BTC.
Michael Saylor of MicroStrategy, known for his long-term Bitcoin accumulation, reported this milestone on May 27, 2024, citing data from Coinglass.
Saylor highlighted that 32 Bitcoin spot ETFs now collectively hold nearly the same amount of BTC as the estimated holdings of Bitcoin’s mysterious creator, Satoshi Nakamoto.
Who is Satoshi Nakamoto?
Satoshi Nakamoto is the pseudonymous individual or group credited with creating Bitcoin. It is estimated that Nakamoto holds approximately 1 million BTC, which represents about 5% of the total Bitcoin supply.
This substantial holding has always been a point of intrigue and speculation in the cryptocurrency community.
For comparison, MicroStrategy, another major holder of Bitcoin, possesses around 214,000 BTC, drawing significant attention to the current ETF holdings milestone.
Major Holders: Grayscale, BlackRock, Fidelity
The largest Bitcoin spot ETFs by holdings include Grayscale, BlackRock, and Fidelity. The top five ETFs and their respective BTC holdings are reported as follows:
| Bitcoin Spot ETF | BTC Holdings |
|---|---|
| Grayscale Bitcoin Trust | 289,040 BTC |
| iShares Bitcoin Trust | 287,168 BTC |
| Fidelity Wise Origin Bitcoin Trust | 161,538 BTC |
| ARK 21Shares Bitcoin ETF | 48,503 BTC |
| Bitwise Bitcoin ETF | 36,185 BTC |
Outside the United States, the Purpose Bitcoin ETF in Canada, the world’s first Bitcoin spot ETF, holds 27,110 BTC.
Bitcoin spot ETFs are also held by major financial institutions such as JPMorgan Chase and Wells Fargo. BlackRock predicts that sovereign wealth funds and pension funds will soon enter the Bitcoin ETF space, suggesting that the total BTC holdings by these ETFs are likely to increase further.
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