The U.S. Bitcoin ETF is nearing an important milestone that could change the ownership landscape of Bitcoin. Since their launch in January, these funds have achieved significant growth and are expected to become the largest holders of Bitcoin globally, even surpassing the holdings of Bitcoin's mysterious creator, Satoshi Nakamoto. At the same time, the total assets under management of Bitcoin ETFs are also rapidly approaching those of Gold ETFs, further consolidating Bitcoin's growing influence in the financial markets.

Bitcoin ETFs are approaching surpassing Satoshi's Bitcoin holdings

Since its launch, the U.S. Bitcoin spot ETF has accumulated a large amount of Bitcoin. Currently, these funds hold about 1.081 million Bitcoins, close to the 1.1 million Bitcoins that Satoshi Nakamoto is estimated to own. Satoshi is believed to hold 5.68% of the total supply of Bitcoin, with a market value of over $100 billion, placing Satoshi on the global wealth list—provided that Satoshi is still alive and these Bitcoins have not been spent.

However, analysts predict that Bitcoin ETFs are now only 2% away from surpassing Satoshi's holdings. If the current pace of fund inflow continues, Bitcoin ETFs may surpass Satoshi around Thanksgiving. The U.S. spot ETF is now close to overtaking Satoshi, becoming the largest Bitcoin holder in the world. If the next three days are like the past three days, it can be essentially confirmed.

According to SoSoValue data, the inflow of funds into Bitcoin ETFs has grown by about 97% over the past five trading days, reaching $3.3 billion. Among them, IBIT contributed $2 billion. This surge in fund inflow is closely related to the launch of options trading for Bitcoin ETFs, and many analysts believe this has attracted more institutional investors.

Bitcoin ETFs are catching up to Gold ETFs

While the rise of Bitcoin ETFs has attracted widespread attention from cryptocurrency enthusiasts and institutional investors, these funds are not only challenging Bitcoin's status—they are also rapidly closing the gap with Gold ETFs. The current total assets under management (AUM) of Gold ETFs are approximately $120 billion, while the current AUM of Bitcoin ETFs is $107 billion, with the gap shrinking quickly.

Bitcoin ETFs may surpass Gold ETFs in total assets around Christmas, highlighting Bitcoin's continued upward momentum in 2024. Since the beginning of the year, Bitcoin's price has surged nearly 160%, approaching a historical high of $100,000. Currently, Bitcoin's market capitalization has reached $1.91 trillion, surpassing the silver market and some large companies like Saudi Aramco.

However, despite Bitcoin's strong performance, it still lags behind gold in terms of total market capitalization. Gold remains the largest bulk asset in the world, with a market value of over $18 trillion, allowing gold to maintain a dominant position in the global economy for the long term. Nevertheless, the rapid rise of Bitcoin has sparked discussions among many about whether Bitcoin can challenge gold's dominance in the future.

The Rise of Bitcoin ETFs: The Financial Influence of Digital Currencies

The growing popularity of Bitcoin ETFs reflects a broader trend in the cryptocurrency market. With increased institutional investment and the ongoing development of financial products like Bitcoin ETFs, Bitcoin is gradually becoming an important player in the global financial system. Bitcoin ETFs are expected to surpass Satoshi's holdings and challenge the asset size of Gold ETFs, reflecting Bitcoin's increasing acceptance in mainstream investment.

Although Bitcoin's future remains uncertain and its volatility is a well-known risk, these developments undoubtedly highlight the dynamic changes between traditional assets and digital currencies. Currently, Bitcoin's performance in 2024 has captured significant attention from investors, indicating that this cryptocurrency may experience more groundbreaking advancements in the coming years.