US-Listed Spot Bitcoin ETFs Now Collectively Hold More Bitcoin Than Satoshi Nakamoto

US-listed spot Bitcoin exchange-traded funds (ETFs) have surpassed more than 1.1 billion BTC in holdings, and they now collectively hold more Bitcoin than Satoshi Nakamoto.

US-listed spot Bitcoin exchange-traded funds (ETFs) now hold more BTC than Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

According to data from X user Shaun Edmondson, the 11 spot Bitcoin ETFs trading on US exchanges now hold 1,104,354 BTC, acquired through aggressive buying since their January launch.

BlackRock’s iShares Bitcoin ETF holds the most coins at 521,375 BTC, an amount that is more than double the assets held by the Grayscale Bitcoin Trust. With this, BlackRock now ranks as the third-largest Bitcoin holder.

Data from SoSoValue shows that spot Bitcoin ETFs now hold a total of $109 billion in assets, which is equivalent to 5.57% of Bitcoin’s market capitalization.

Bitcoin ETFs Record Second-Highest Weekly Inflows Since Launch

The week has been good for spot Bitcoin ETFs, with data showing that the weekly inflows are at the second-highest level since January. This comes after the products posted positive flows for six consecutive days.

In total, inflows into these products have exceeded $2.35 billion so far this week. On December 5, inflows amounted to $766M, with BlackRock’s IBIT posting $770M in inflows. The strong inflows coincided with a rally in BTC price that saw it rise past the $100,000 level to an all-time high of $103,670.

Besides Bitcoin, Ethereum (ETH) ETFs also had their best week since launch, with total weekly inflows exceeding $752M.

Spot ETH ETFs have faced pressure from persistent outflows from the Grayscale ETF. However, for the last nine days, the products have recorded positive netflows.

Inflows into spot Ethereum ETFs also hit a record high of $428M on December 5, the highest level since their launch. In total, these ETFs now hold $12.51 billion worth of Ether, an amount that is equivalent to 2.71% of the altcoin’s market capitalization.

Bitcoin ETFs Break Record in the ETF Market

Commenting on the performance of spot Bitcoin ETFs, particularly BlackRock’s IBIT, Bloomberg ETF analyst Eric Balchunas said the performance has broken previous records in the US ETF market.

“$IBIT is now over $50b. It took it 228 days to reach this milestone, the next fastest ETF to reach 50b was $IEFA in 1,329 days. So over 5x faster than any ETF ever launched,” he stated.

Balchunas went on to state that while he is not a Bitcoin maximalist, BTC is a “special asset” compared to other cryptocurrencies.

Bitcoin, at press time, trades at $93,787, showing a 2% decrease in 24 hours.