Bitcoin ETF Surpasses Satoshi Nakamoto: Check Major $BTC Holder

Bitcoin ETF Holdings Surpass Satoshi Nakamoto: Key Players and Impact

Bitcoin Spot ETFs have collectively surpassed Satoshi Nakamoto BTC holdings, marking a significant milestone in the cryptocurrency market. As of December 6, U.S. spot bitcoin ETFs now hold a combined 1,104,534 BTC, edging past Satoshi's 1.1 million BTC stash. This achievement was shared by Eric Balchunas, a Senior ETF analyst at Bloomberg, on X (formerly Twitter).

Source: X

U.S. Spot ETFs Dominate Bitcoin Holdings

The rise of Bitcoin Spot ETFs has been remarkable, with BlackRock's iShares Bitcoin Trust leading the pack, holding 521,375 BTC. According to Balchunas, U.S. Spot ETFs have become the largest BTC holders globally within less than a year of their launch. This development has sparked discussions about the centralization of BTC holdings.

Critics, including Jonas Schnelli, argue that such centralization contradicts Bitcoin's decentralized ethos. Despite this, the numbers tell a compelling story:

• BlackRock iShares Bitcoin Trust: 521,375 BTC

• Fidelity ETF (FBTC): Significant daily net inflows of $120 million

• Total US Spot ETFs: 1,104,534 BTC

Key Players of the Bitcoin Space 

• Satoshi Nakamoto: 1,100,000 BTC

• Binance: 633,103 BTC

• MicroStrategy: 402,100 BTC

• US Government: 198,109 BTC

• Chinese Government: 194,000 BTC

• Bitfinex: 184,027 BTC

• Kraken: 158,959 BTC

• Block One: 164,000 BTC

• Robinhood: 142,361 BTC

Collectively, these major players hold over 4,281,193 BTC out of the 21 million maximum supply, with 19.79 million currently in circulation.

Spot Bitcoin ETF Inflows and Bitcoin Price Surge

On December 6, Bitcoin Spot ETFs experienced a total net inflow of $377 million, marking seven consecutive days of net inflows. Notably, BlackRock ETF IBIT saw a daily net inflow of $257 million.

Source: SoSoValue

At the time of writing, Bitcoin was trading at $99,481.67, reflecting an intraday surge of 1.55%. The market cap stood at $1.97 trillion, with a 24-hour volume of $84.02 billion.

Conclusion

This surge in Bitcoin price and the substantial inflows into Bitcoin ETFs highlight the growing interest and confidence in Bitcoin Spot ETFs among investors. As these ETFs continue to attract significant investments, their role in the cryptocurrency market is poised to become even more influential.