Satoshi

Bitcoin ETF

Mini Bitcoin

Bitcoin

Spot

The total holdings of the new U.S. spot Bitcoin ETFs launched in January have reached 909,700 BTC.
In a post on X on Aug. 13, Bloomberg’s senior ETF analyst Eric Balchunas compared the figures of each fund with the BTC holdings of corporations and even the founder of the asset Satoshi Nakamoto.
<blockquote>
 “Didn’t realize US ETFs are on track to pass Satoshi in Bitcoin held in October.”
</blockquote>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October. BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time Ht <a href="https://twitter.com/EdmondsonShaun?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">@EdmondsonShaun</a> <a href="https://t.co/QGsO00zrxp" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QGsO00zrxp</a>
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1823080660765900805?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">August 12, 2024</a>
</blockquote>
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<h2 id="bitcoin-etf-flows-turn-positive">Bitcoin ETF Flows Turn Positive</h2>
Satoshi allegedly holds around 1.1 million BTC, though this figure remains a source of debate and has not been officially confirmed.&nbsp;Nevertheless, the combined holdings of spot Bitcoin <a href="https://cryptopotato.com/weekly-etf-recap-heres-what-kind-of-action-the-bitcoin-ethereum-etfs-saw/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETFs</a> are likely to exceed one million in the next couple of months.
<blockquote>
 “BlackRock alone is already number 3 and on pace to be number 1 late next year and will likely stay there for a very long time,” exclaimed Balchunas.
</blockquote>
BlackRock’s iShares Bitcoin Trust (IBIT) holds 347,767 BTC with a current market value of around $21 billion.
BitMEX Research pointed out that Coinbase holds around two million BTC, but Balchunas replied, stating that the figures don’t include custodians – “We would never count a custodian in an asset ranking.”
Tolou Capital Management founder Spencer Hakimian commented:
<blockquote>
 “People underestimate how reluctant institutions were to own Bitcoin on exchanges. Owning via ETF is a game changer. Allows risk averse institutions to own Bitcoin finally. Game changer.”
</blockquote>
On Aug. 12, spot Bitcoin ETF flows flipped positive with a total aggregate inflow of $28 million.
Ark 21Shares (ARKB) led the pack with an inflow of $35.4 million, followed by BlackRock (IBIT) with $13.4 million. There was a minor inflow of $7.9 million into Grayscales Mini Bitcoin Trust (BTC), but its primary fund (GBTC) continued to outflow, losing $11.8 million for the day.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Bitcoin ETF Flow (US$ million) – 2024-08-12
 TOTAL NET FLOW: 27.8 (Provisional data)
 IBIT: 13.4 FBTC: 0 BITB: -17.1 ARKB: 35.4 BTCO: 0 EZBC: 0 BRRR: 0 HODL: 0 BTCW: 0 GBTC: -11.8 BTC: 7.9
 For all the data &amp; disclaimers visit:<a href="https://t.co/04S8jMGl07" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/04S8jMGl07</a>
 — Farside Investors (@FarsideUK) <a href="https://twitter.com/FarsideUK/status/1823204672779215164?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">August 13, 2024</a>
</blockquote>
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<h2 id="ethereum-etfs-inflow-again">Ethereum ETFs Inflow Again</h2>
Ether-based spot ETFs also had a good day with an <a href="https://cryptopotato.com/ethereum-leads-market-recovery-with-155m-inflows-amid-recent-downturn/" data-wpel-link="internal" rel="noopener noreferrer nofollow">aggregate inflow</a> of $4.9 million, reversing a three trading day trend of outflows.
Fidelity’s FETH led with an inflow of $4 million, while Bitwise (ETHW) had $2.9 million. BlackRock’s <a href="https://cryptopotato.com/no-demand-blackrocks-eth-fund-enters-top-6-etf-launches-of-2024/" data-wpel-link="internal" rel="noopener noreferrer nofollow">iShares Ethereum Trust</a> (ETHA) had a zero flow day.
Grayscale’s (ETHE) outflows halted on Monday, and there was a zero flow for the first time since the products were launched on July 23.
Meanwhile, ETH <a href="https://cryptopotato.com/three-big-things-to-watch-for-in-the-week-ahead-in-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">markets</a> recovered strongly, with the asset gaining 6.4% on the day to top $2,700 during the Tuesday morning Asian trading session.
The post <a href="https://cryptopotato.com/spot-bitcoin-etfs-on-track-to-pass-satoshi-in-btc-held-as-flows-flip-positive/" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs on Track to Pass Satoshi in BTC Held as Flows Flip Positive</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Spot Bitcoin ETFs on Track to Pass Satoshi in BTC Held as Flows Flip Positive

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