Bitcoin ETFs are less than 200,000 BTC away from surpassing Satoshi Nakamoto’s holdings Bitcoin ETFs are less than 200,000 BTC away from surpassing Satoshi Nakamoto’s holdings
The Bitcoin creator is estimated to have 1.1 million BTC, 17% more than the Bitcoin ETFs' combined stash of 916,047 BTC stash as of Sept. 24.
2 min read
Updated: Sep. 25, 2024 at 8:13 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have amassed more than 900,000 BTC since their launch and will soon surpass the 1.1 million BTC held in wallets believed to be owned by Bitcoin’s pseudonymous creator Satoshi Nakamoto.
Bloomberg senior ETF analyst Eric Balchunas recently shared a list of spot Bitcoin ETF holdings, highlighting their cumulative 916,047 BTC stash as of Sept. 24.
He noted that the ETFs are close to surpassing the 1 million BTC threshold cumulatively and just 17% shy of surpassing Nakamoto’s estimated stash.
At the current price of $63,622.03, reaching 1 million BTC equates to over $63.6 billion.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) holds the largest amount among the US-traded funds, with 358,080 BTC, while Grayscale’s ETFs, GBTC and Grayscale Mini Trust (BTC), collectively hold 258,671 BTC.
Rounding out the top 3 is Fidelity’s ETF FBTC, which holds 184,490 BTC. Together, these three Bitcoin ETFs represent nearly 86% of the BTC held by 11 US-traded ETFs.
Shaun Edmondson, author of the list shared by Balchunas, noted that Fidelity holds roughly 100,000 BTC as a custodian for MicroStrategy. However, those were not included in the report.
Notably, BlackRock added nearly 530 BTC to its wallets over the past 24 hours, according to on-chain data. The last time the asset manager bought Bitcoin was one week ago, through a 273 BTC transfer from Coinbase Prime vaults.
Four consecutive days of inflows
Spot Bitcoin exchange-traded funds (ETF) reached $17.8 billion in total flows on Sept. 24, as per Farside Investors’ data.
This new mark was reached after four consecutive days of inflows, which totaled roughly $391 million. Fidelity’s FBTC led the charge by registering $117.7 million in positive flows.
BlackRock’s IBIT followed closely with $110.4 million in inflows, despite not registering activity in two out of the four last trading days. The significant amount is then due to nearly $99 million in cash flowing to IBIT yesterday.
ARK 21Shares’ ARKB wrapped up the list of Bitcoin ETFs with over $100 million in inflows, showing $103.1 million in positive net flows in four trading days.
Mentioned in this article
Bitcoin 
BlackRock 
Fidelity Investments 
Grayscale Investments 
Grayscale Bitcoin Trust iShares Bitcoin Trust 
Fidelity Wise Origin Bitcoin Trust 
ARK 21Shares Bitcoin ETF Author 
Gino Matos
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
The Grayscale Bitcoin Trust (GBTC) is a digital currency investment product that provides investors with access to Bitcoin through traditional investment channels.
The BlackRock Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), is an investment fund that provides regulated exposure to Bitcoin for investors.
The Fidelity Wise Origin Bitcoin Trust (FBTC) is a spot Bitcoin ETF that offers investors exposure to the price of Bitcoin.
The ARK 21Shares Bitcoin ETF (ARKB) is a digital asset ETF that seeks to track the performance of bitcoin, as measured by the performance of the CME CF Bitcoin Reference Rate – New York Variant (the “Index”).