• US Bitcoin ETFs near 1 million BTC, just 83% away from surpassing Satoshi’s holdings.  

  • BlackRock resumes buying Bitcoin, boosting its 359,271 BTC holdings significantly.  

  • Institutional players and governments dominate Bitcoin holdings, driving market demand.

Bitcoin exchange-traded funds (ETFs) are edging closer to a significant milestone, with combined holdings approaching one million BTC.

Most recent report shows US-listed Bitcoin ETFs currently hold 916,047 BTC. This puts them just 83% shy from the estimated 1.1 million BTC held by Bitcoin’ creator, Satoshi Nakamoto. This growth is fueled by the increasing demand for Bitcoin ETFs.

US bitcoin ETFs had good day yesterday pushing YTD flows to new high water mark of $17.8b. They’re now 92% of the way to owning 1million bitcoin and 83% of way to passing Satoshi as top holder. Tick tock.. pic.twitter.com/kTxlIzjJy6

— Eric Balchunas (@EricBalchunas) September 25, 2024

Eric Balchunas, senior ETF analyst at Bloomberg, highlighted the notable inflows into US Bitcoin ETFs this year. He noted that these ETFs have accumulated $17.8 billion in assets under management (AUM) to date. This represents 92% of the …

The post Bitcoin ETFs Near 1 Million BTC, Rivaling Satoshi’s Holdings appeared first on Coin Edition.

#BTC #ETF