Bitcoin ETFs in the United States could soon surpass mysterious creator Satoshi Nakamoto in terms of BTC holdings.

Bloomberg ETF analyst Eric Balchunas posted a chart showing that ETFs now hold 909,700 Bitcoin, worth about $55.2 billion at the current price of around $60,700.

ETFs are closing in on Nakamoto’s estimated 1.1 million BTC holdings, which were mined by the mysterious creator at BTC’s inception and have remained untouched since disappearing more than 13 years ago.

On average, Bitcoin ETFs add about 37,510 BTC to their reserves every month, meaning at that rate they could surpass Nakamoto's holdings by January 2025 – a year from launch.

Balchunas believes the ETF could surpass Nakamoto’s BTC holdings as early as October.

“BlackRock alone is No. 3 and is on track to be No. 1 by the end of next year and is likely to maintain that position for a very long time.”

Source: Eric Balchunas

The ETFs may have surpassed the total Bitcoin held by Nakamoto, as some estimates put the creator's Bitcoin holdings at just 600,000 BTC distributed across 20,000 wallets.

No one can give an exact figure of how many Bitcoins Nakamoto holds because he used a new wallet to receive the 50 BTC reward for each block mined in the early days of Bitcoin.

Nakamoto was the biggest miner at the time and the process was much less resource intensive than it is today.

Since January, 11 Bitcoin ETFs have seen a total net inflow of $17.35 billion, including $19.49 billion in net outflows from Grayscale’s GBTC.

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