US Bitcoin ETFs Now Hold More BTC Than Satoshi Nakamoto

US Bitcoin ETFs hit a historic milestone by holding more BTC than Satoshi Nakamoto, while Ethereum ETFs also hit a daily inflow record.

US Bitcoin spot ETFs have hit a notable milestone by now holding more BTC than Satoshi Nakamoto - the anonymous founder of the world's most valuable digital currency. Specifically, 11 US Bitcoin ETFs as of December 6, 2024 are holding 1,104,534 BTC, officially surpassing the 1.1 million BTC believed to belong to Satoshi.

Data compiled by analyst Shaun Edmondson shows that BlackRock's iShares Bitcoin Trust (IBIT) leads the pack with 521,375 BTC under management. Grayscale's Bitcoin ETFs follow with 251,330 BTC and Fidelity's FBTC comes in third with 199,246 BTC.

Other notable ETFs include Ark/21Shares' ARKB holding 48,144 BTC and Bitwise's BITB with 41,062 BTC. Meanwhile, VanEck's HODL fund holds a more modest 13,745 BTC, and other funds with BTC under management all have less than 10,000 BTC.

This is especially impressive considering the "young" status of the funds, which have been operating for less than a year but have continuously attracted great interest from investors. As evidenced by the inflow of money into Bitcoin ETFs reaching $766.66 million on December 5, bringing the total inflow in the past 6 days to more than $2.7 billion, according to data from SoSoValue.

Massive buying day from US Spot #Bitcoin ETFs yesterday. Collectively, they now hold more Bitcoin than Satoshi 👀👀👀. Utterly relentless and staggering acquisitions since January @HODL15Capital @EricBalchunas @saylor @BTC_Archive @BitcoinMagazine @BTC_for_Freedom… pic.twitter.com/7uE6h1bOm0

— Shaun Edmondson (@EdmondsonShaun) December 6, 2024

Ethereum spot ETFs are also seeing tremendous growth and are now on their longest streak of inflows since their launch in July 2024.

On December 5, these funds recorded $428.5 million in inflows in a single day - the highest since their launch. This surpasses the historic $333.92 million milestone set in late November.

Nate Geraci, President of ETF Store, commented that these numbers demonstrate strong demand for Ethereum ETFs, despite limitations such as staking options, no physical trading, and limited access to large financial institutions. Spot ETFs have attracted more than $1.3 billion in net inflows since their launch.

Since their launch, Ethereum ETFs have attracted more than $1.3 billion in net inflows, demonstrating the appeal of this asset class to investors.

Spot eth ETFs now w/ over $1.3bil net inflows since July launch…

Have done this despite:

1) Nearly $3.5bil outflows from ETHE

2) No staking allowed

3) No options trading

4) No in-kind creation/redemption

5) Very limited access to major wirehouses (plus Vanguard)

Not bad.

— Nate Geraci (@NateGeraci) December 6, 2024