Satoshi

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U.S. Bitcoin ETFs have surpassed Satoshi Nakamoto’s holdings, amassing over 1.104 million tokens within a year of their launch. 
Spot Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) exchange-traded funds in the U.S. have become the largest holder of the cryptocurrency globally, with more than $109 billion <a href="https://x.com/EdmondsonShaun/status/1864978517089218870" target="_blank" rel="nofollow">invested</a> by Wall Street. Satoshi Nakamoto, Bitcoin’s pseudonymous creator, holds 1.1 million tokens worth $108 billion at current prices, with those holdings remaining dormant for years. 
Outpacing Satoshi’s stack is a big deal for U.S. spot BTC ETFs, an asset class that started trading on Wall Street in mid-January 2024. BlackRock’s IBIT <a href="https://crypto.news/blackrocks-26b-bitcoin-etf-crowned-fastest-growing-fund/" target="_blank">topped</a> the group, managing nearly half of spot Bitcoin ETF volume. 
Investors have allocated over $51 billion to Bitcoin through the $10 trillion asset management giant. Grayscale and Fidelity round out the top three, holding $21 billion and $19 billion, respectively. 
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 KING OF THE HILL: The US spot ETFs have just passed Satoshi in total bitcoin held, now hold more than 1.1m, more than anyone in the world, and they're not even a year old yet, literally babies still. Mind blowing. h/t <a href="https://twitter.com/EdmondsonShaun?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@EdmondsonShaun</a> for the data <a rel="nofollow" href="https://t.co/FQBIGGz5ei" target="_blank">pic.twitter.com/FQBIGGz5ei</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1865012801997087105?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 6, 2024</a>
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 You might also like: <a rel="" href="https://crypto.news/bitcoin-etf-trading-volume-spikes-50-amid-btc-drop-below-100k/"> News Bitcoin ETF trading volume spikes 50% amid BTC drop below 100k </a> 
U.S. Institutional demand for BTC via Bitcoin ETFs and corporate treasuries will continue to uptrend and skyrocket the broader digital asset ecosystem toward global adoption, according to experts. 
Hex Trust CEO Alessio Quaglini noted that this trend could spur a <a rel="" href="https://crypto.news/sovereign-gold-rush-for-bitcoin-imminent-expert/">sovereign race</a> for Bitcoin among nation-states. Mercuryo co-founder and CEO Petr Kozyakov told crypto.news that digital assets are transitioning from speculative tools to a transformative, widely adopted technology. 
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 Cryptocurrency is destined to reach mass adoption in just the same way as the World Wide Web has today. Furthermore, it will be the projects in the space that excel in providing seamless and secure solutions with a high-level user experience (UX) that will rise to supremacy. We see a future where consumers will move effortlessly between digital tokens and fiat in their daily lives. The age of cryptocurrency has begun. 
 Petr Kozyakov, Mercuryo co-founder and CEO 
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 Read more: <a rel="" href="https://crypto.news/us-voters-gave-a-pro-crypto-mandate-opinion/"> US voters gave a ‘pro-crypto’ mandate—what happens now? | Opinion </a>

US Bitcoin ETFs surpass Satoshi’s slumbering stack

crypto.news

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