The combined holdings of U.S. spot Bitcoin exchange-traded funds (ETFs) have surpassed the 1.1 million BTC reportedly held by Bitcoin’s enigmatic creator, Satoshi Nakamoto. This milestone highlights the rapid growth of these financial instruments, which launched less than a year ago.
According to CoinGlass data, U.S. spot Bitcoin ETFs collectively hold 1,105,923 BTC, with BlackRock’s iShares Bitcoin Trust (IBIT) leading the way at 521,164 BTC. Grayscale’s recently converted GBTC fund follows with 214,217 BTC, while Fidelity’s FBTC ETF holds 199,183 BTC. This surge in holdings is underpinned by $33 billion in total inflows since January, including nearly $2.4 billion added in the past week alone.
Bloomberg ETF analyst Eric Balchunas highlighted the significance of this achievement, calling it “mind-blowing” and noting the ETFs’ impressive growth despite their infancy. These funds have thrived alongside Bitcoin’s remarkable 130% price increase this year, pushing the ETFs’ combined assets under management to over $100 billion.
While Satoshi Nakamoto remains the largest known Bitcoin holder, other entities also possess substantial reserves. MicroStrategy, the largest corporate holder, has amassed 402,100 BTC (valued at over $40 billion) and continues to expand its holdings as part of its treasury strategy. The U.S. government holds 208,109 BTC worth $20 billion, making it the top nation-state holder, followed by China and the UK.
The rapid ascent of U.S. spot Bitcoin ETFs underscores their role as a dominant force in institutional crypto adoption, solidifying their position as key players in the evolving Bitcoin ecosystem.
