US Spot Bitcoin ETFs have exploded in popularity, completely changing the Bitcoin and crypto landscape. Since launching in January 2024, they’ve broken tons of records and are now officially the biggest Bitcoin holders – even surpassing the mysterious Satoshi Nakamoto!
A Big Milestone for Bitcoin ETFs
These ETFs are now holding a whopping 1,104,534 BTC, which is about 5.62% of all Bitcoin in existence. That’s more than the estimated 1,100,000 BTC believed to be held by Nakamoto – a stash that’s been untouched for over a decade!
This massive success is all thanks to steady investment. Data shows seven straight days of huge inflows, with the most recent surge hitting $376.59 million on December 6th. In fact, over the last 40 trading days, there have been inflows on 32 of them! The total value of Bitcoin held by these ETFs is now a staggering $112.74 billion.
What Does This Mean for Bitcoin?
This massive ETF growth shows Bitcoin is becoming more mainstream, attracting big institutional investors. ETFs provide a regulated way to invest in Bitcoin without the hassle of directly holding it. Some think this means Bitcoin is shifting from a retail investor asset to an institutional one.
The ETF boom is likely to continue, especially with more approvals expected in places like Europe. But this also raises questions about market control and the concentration of Bitcoin ownership. Interestingly, even long-term Bitcoin holders are moving their coins into ETFs for the added security and regulatory clarity.
At the time of writing, Bitcoin is trading around $99,650, just shy of breaking the $100,000 mark.
