Spot Bitcoin ETFs Flip Nakamoto To Become Largest BTC Holder
The U.S. Spot Bitcoin ETF dramatically changes Bitcoin and the broader crypto industry. Since their launch in January 2024, these ETFs have grown significantly in value and holdings, Breaking multiple ETF records in traditional finance.
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Currently, the U.S. Spot Bitcoin ETF has surpassed Satoshi Nakamoto, the creator of BTC, to become the largest holder of Bitcoin.
A historic milestone for Bitcoin ETFs
The U.S. Spot Bitcoin ETF has reached a remarkable milestone, becoming the single largest holder of the top token. Currently, 12 spot Bitcoin ETF providers in the United States hold a total of 1,104,534 BTC, accounting for approximately 5.62% of the entire Bitcoin market value. Therefore, they have now Surpassed Satoshi Nakamoto The stash of 1,100,000 BTC has remained untouched since his disappearance. It’s worth noting that these 1,100,000 Bitcoins were mined in the early days of Bitcoin and have been stagnant for over a decade.
The impressive results achieved by the U.S. Spot Bitcoin ETF are the result of continued capital inflows. played an important role Pushing its price past the psychological threshold of $100,000. The latest data from SosoValue shows that the U.S. spot BTC ETF has recorded capital inflows for seven consecutive trading days. The latest surge was on December 6, with capital inflows reaching $376.59 million.
Interestingly, this wave of capital inflows far beyond The last seven trading days. Over the past 40 trading days, the U.S. Spot Bitcoin ETF has seen 32 inflows, reflecting a continued trend in investor interest. As a result of these continued inflows, total U.S. spot Bitcoin ETF holdings have strengthened significantly and are currently worth $112.74 billion based on the digital currency’s current price.
The impact of growing ETF dominance
this The Growth of Spot Bitcoin ETFs Bitcoin’s largest holders signal a maturing market and reflect a shift in the cryptocurrency’s appeal to institutional investors. Institutional participation has increased significantly as ETFs provide investors with a regulated means of gaining exposure to cryptocurrencies without directly holding them. This has prompted many market participants to suggest that Bitcoin may be turning into an asset for institutional holders rather than retail investors.
Still, the momentum behind spot ETFs is unlikely to stop anytime soon. Inflows are expected to continue to increase as adoption and approvals increase in other key markets, such as the European market. However, it also raises questions of market power and the centralization of crypto assets.
Interestingly, on-chain data shows that many self-custody long-term Bitcoin holders are also choosing to move assets into these spot ETFs to take advantage of their regulatory clarity.
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As of this writing, BTC price is $99,650 Still hoping for a decisive breakthrough Above the $100,000 price level.
Featured image from Blue Trust, chart from TradingView
