Since they were approved earlier this year, Spot Bitcoin ETFs have been scooping up Bitcoin like crazy. These ETFs are basically investment funds that let people invest in Bitcoin without actually buying the cryptocurrency themselves.
Big Players in the Game
BlackRock is leading the charge, and their IBIT ETF has already bought more Bitcoin than Grayscale’s GBTC, which used to be the biggest Bitcoin holder.
Grayscale still has a lot of Bitcoin, but they’ve been losing some since the Spot Bitcoin ETFs came along. This is because the ETFs have lower fees, so people are moving their money over.
Fidelity’s FBTC and Ark Invest/21Shares ARKB are also buying up Bitcoin, and together, all the Spot Bitcoin ETFs now own almost 1 million Bitcoin. That’s a huge chunk of the total supply!
Who Holds the Most Bitcoin?
The Satoshi Nakamoto wallet still holds the most Bitcoin, but it hasn’t been used in a long time. So, it’s not really considered active.
Binance is currently the biggest active Bitcoin holder, followed by wallets associated with Bitfinex, Mt Gox, and the Silk Road bust.
But the Spot Bitcoin ETFs are catching up fast. They’re now the second-largest holder of Bitcoin after Satoshi Nakamoto, and they’re only going to get bigger! /p>
