Bitcoin ETF inflows reach $1 billion: Will they surpass Satoshi Nakamoto's holdings?
In 2024, the Bitcoin market experienced significant growth, with BTC prices nearing $100,000 and market capitalization exceeding $1.91 trillion, challenging gold's market position. Against this backdrop, Bitcoin ETFs have also seen a massive influx of funds.
As of November 21, Bitcoin ETFs have attracted over $1 billion in new investments, marking strong market growth. BlackRock's IBIT ETF emerged as the biggest winner, with a single-day inflow of $513 million, followed closely by Fidelity's FBTc.
With the expansion of the Bitcoin ETF market, discussions about whether these funds could surpass the amount of Bitcoin held by the founder, Satoshi Nakamoto, have become increasingly heated. Satoshi is believed to hold approximately 1.1 million BTC, accounting for 5.68% of Bitcoin's total supply.
Currently, Bitcoin ETFs hold a total of about 1.081 million BTC, close to Satoshi's holdings.
According to analysts at Bloomberg, if the ETF continues its current rate of inflow, it may soon surpass Satoshi and become the world's largest Bitcoin holder. By Christmas, the assets under management of the ETFs are expected to approach those of gold ETFs, falling just $23 billion short.
Overall, Bitcoin's strong performance in 2024 highlights its dominant position in the financial sector while continually challenging the status of traditional assets like gold.
