Bitcoin ETFs Have Outstripped Satoshi Nakamoto's Holdings

Bibhu Pattnaik

December 08, 2024

Bitcoin ETFs have now accumulated more Bitcoin (CRYPTO: BTC) than the holdings of Bitcoin’s pseudonymous creator Satoshi Nakamoto.

What Happened: As of market close on Thursday, these ETFs collectively held 1,105,690 Bitcoin, valued at $110 billion, as per CoinGlass data. This milestone was reached by 10 asset managers in the U.S., who began trading these products on January 11. The only exception was Grayscale’s Bitcoin Mini Trust.

Nakamoto, who vanished from the public eye in 2011, is estimated to have mined up to 1.1 million Bitcoin in the project’s initial seven months.

The recent surpassing of Nakamoto’s holdings by Bitcoin ETFs marks a significant moment in the asset’s history.

Also Read: Bitcoin’s Bull Run: Betting On A $125K Finish To 2024

In a post on X, Bloomberg ETF analyst Eric Balchunas described this development as “mind-blowing”, highlighting that these products achieved this feat in less than a year. Balchunas had previously projected that these Wall Street products could surpass Nakamoto’s holdings by Christmas.

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 @EdmondsonShaun for the data pic.twitter.com/FQBIGGz5ei
— Eric Balchunas (@EricBalchunas) December 6, 2024

BlackRock, the world’s largest asset manager, has been a significant player in this burgeoning market. Its iShares Bitcoin Trust (IBIT) alone holds 521,000 Bitcoin, worth $50 billion.

Why It Matters: Bitcoin ETFs’ surpassing of Nakamoto’s holdings underscores the rapid growth and acceptance of these products in the financial market. This development also signifies the increasing institutional interest in Bitcoin and other cryptocurrencies, marking a shift from traditional investment avenues.

BlackRock’s dominant role in this market further emphasizes the growing acceptance of Bitcoin ETFs by major financial institutions. The rapid accumulation of Bitcoin by these ETFs could potentially influence the digital currency’s price and overall market dynamics.

With Bitcoin ETFs achieving this milestone in less than a year, it remains to be seen how this market will evolve and what impact it will have on the broader cryptocurrency landscape.

A Bold Pivot Into Solana Is Here - Ad

The Tesla Shock Nobody Sees Coming - Ad

Solana-Backed Company Goes All In - Ad

Mark Cuban recently expressed his views on the concept of work-life balance, particularly for those striving to excel in their respective fields.

The Next Palantir? Does This Under $5 AI Stock Have The Potential To Rise And Shine

This micro-cap AI stock is being increasingly touted as the next Palantir Technologies Inc. (NASDAQ: PLTR), but some analysts disagree with this framing.

How high will Bitcoin go in 2025?

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Steve Jobs Would 'Have Fired Everyone': Apple's Liquid Glass In iOS 26 Gets Roasted Online — Dan Ives Calls WWDC 2025 A 'Yawner'

Apple's new "Liquid Glass" design in iOS 26 is facing backlash for prioritizing aesthetics over usability, with critics — including investor Ross Gerber — suggesting Steve Jobs would have never approved the change.

Trump and Musk Aides Have Spoken as Tensions Cool Between the Billionaire and the President

The ongoing public spat between President Donald Trump and billionaire Elon Musk looks like has taken a pause.

A Better Hedge Than Gold?

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Apple heads into annual showcase reeling from AI missteps, tech upheaval and Trump's trade war

CUP (AP) — After stumbling out of the starting gate in Big Tech's pivotal race to capitalize on artificial intelligence, Apple will try to regain its footing Monday at its annual

Ryan Reynolds Flames Neil Patrick Harris For Taking Over Deadpool Role In Meta Quest VR Game

Ryan Reynolds humorously responded to Neil Patrick Harris taking over the Deadpool role in Meta Quest's upcoming VR game, playfully calling Harris a "butthole" for stealing his signature role.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Could Bitcoin Plummet To $90,000 Soon?

Bitcoin's (CRYPTO: BTC) recent price consolidation is raising alarms about whether the $100,000 support level will hold.

Judge tosses lawsuit over Trump's firing of US African Development Foundation board members

A federal judge has tossed out a lawsuit over President Donald Trump's dismantling of a U.S. federal agency that .

Former Zillow Execs Target $1.3T Market

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

US, Chinese officials to meet in London next week for new round of trade talks

WASHINGTON (AP) — Senior U.S. administration officials will meet with a Chinese delegation on Monday in London for the next round of between Washington and Beijing, President Donald Trump said Friday.

Trump Signs Orders To Strengthen US Drone Defenses And Supersonic Flight

Trump enacts orders to strengthen US drone defenses, reduce reliance on Chinese manufacturers, and promote electric air taxis.

This Move Won't Stay Quiet for Long

This Move Won't Stay Quiet for Long - Ad

They just made a $100M bet on blockchain. Early insiders are already circling.

Abu Dhabi's IRH Buys Majority Stake In Alphamin's Tin Operations In $366 Million Deal

Abu Dhabi's IRH acquires majority stake in Alphamin Resources for CA$503 million from private equity firm Denham Capital, gaining control over high-grade tin mine in DRC.

Mr Wonderful, Kevin O'Leary, Says He Was Once Told By A CEO To 'Shut Up' And That Leveled Up His Negotiation Skills — Fellow 'Shark' Mark Cuban Also Flexes This Superpower

Kevin O'Leary shared a valuable lesson from a female CEO who advised him to listen more and talk less in negotiations, a strategy that helped improve his approach and is also endorsed by fellow billionaire Mark Cuban.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Walz: Minnesota Lawmaker and Spouse Killed In 'Politically Motivated Assassination'

Minnesota Gov. Tim Walz (D) said Saturday morning that a Democratic state legislator and her husband were killed, and another lawmaker and his wife injured, in separate "targeted shootings" at their homes.

Nvidia Drops China From Guidance After $2.5 Billion Q1 Revenue Hit, CEO Jensen Huang Says He's 'Not Counting' On US Lifting Export Controls, 'But If It Happens, It Will Be A Great Bonus'

Nvidia CEO Jensen Huang said the company will exclude China from its financial forecasts after U.S. export controls blocked AI chip sales, costing $2.5 billion in Q1 revenue and raising concerns about the effectiveness of U.S. trade policy.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Elon Musk Recently Said 'Yes' To Impeaching Trump And The Odds Of That Happening In 2025 Rose On This Crypto Betting Market

The odds that President Donald Trump would be impeached this year saw a spike on Polymarket after tech mogul Elon Musk backed a call to remove him from office.

Benzinga Bulls And Bears: Eli Lilly, Okto, McDonalds — And Israel-Iran Conflict Sparks Oil Surge

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

A Bold Pivot Into Solana Is Here

A Bold Pivot Into Solana Is Here - Ad

This quiet NASDAQ company just made a move insiders say could be the next big crypto proxy.

US Stocks Likely To Open On A Mixed Note After S&P 500 Scales 6,000-Mark: 'Whole Globe Is In A Bull Market'

U.S. stock futures were flat on Monday after closing higher on Friday. Futures of major benchmark indices were mixed in premarket.

Spotify Early Winner From Taylor Swift Buying Back Old Albums: A 'Love Story' For Fans, Streaming Company

Taylor Swift bought back her old albums, boosting Spotify's traffic.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

How To Clean Up Cannabis Cultivation For Regulatory Preparedness

cannabis products often fall short of the health and safety expectations that consumers and regulators are rapidly adopting.

Ray Dalio Shares His Meme Stock Trading Strategy: 'Most Investors Don't Take Into Consideration Market Pricing, They Don't Pay Enough Attention To Its Pricing'

Ray Dalio has shed light on his perspective on meme stock trading. Dalio emphasized the importance of market pricing, a factor he believes is often overlooked by investors.

Solana-Backed Company Goes All In

Solana-Backed Company Goes All In - Ad

A quiet $100M move could turn this overlooked firm into a blockchain market leader.

Disney Loses Legal Battle To Block Executive Justin Connolly's Move To Rival YouTube

Walt Disney lost its legal bid to block Justin Connolly from leaving the company to join YouTube, with a court ruling allowing Connolly to take on the role of global head of media and sports.

Italy's referendum on citizenship and job protections fails because of low turnout

ROME (AP) — Italy's referendums aimed at relaxing failed on Monday because of low turnout.

How high will Bitcoin go in 2025?

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Shiba Inu on Verge of a Breakout as Whales Make Bold Moves

Shiba Inu (CRYPTO: SHIB), a competitor to Dogecoin (CRYPTO: DOGE), could potentially see a significant price surge due to a rise in whale activity, according to market intelligence firm Santiment.

Iran Halts Nuclear Talks With US: No Negotiations 'Until Israeli Aggression Stops,' Says Foreign Minister

Iran refuses nuclear talks amid Israeli attacks, as Europe mediates and U.S. weighs involvement. Conflict disrupts region and global trade.

A Better Hedge Than Gold?

A Better Hedge Than Gold? - Ad

Critical minerals give China an edge in trade negotiations

GANZHOU, China (AP) — China’s dominance over critical minerals in global supply chains was a powerful bargaining chip in trade talks between Beijing and Washington that concluded with both sides saying they to pursue a deal.

Bitcoin Crosses $110,000, Ethereum And Dogecoin Also Surge Amid US-China Trade Optimism: Analyst Says ETH Building Up 'Next Big Breakout'

Leading cryptocurrencies rallied Monday as trade talks between the U.S. and Chinese officials stoked investor optimism.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Nokia Taps AMD Processors To Power Next-Gen 5G Networks

Advanced Micro Devices, Inc. (NASDAQ:AMD) on Tuesday announced that Nokia Corp.

Trending Now

Musician Made $3 Million From NFTs — Then Faced a Brutal Tax Hit and Crypto Crash

Boeing Dreamliner Carrying Over 200 Passengers Crashes Shortly After Takeoff Near India's Ahmedabad: BA Stock Falls Over 7% In Thursday Pre-Market (UPDATED)

Former Zillow Execs Target $1.3T Market - Ad

Business News Digest

Trump tax bill will add $2.4 trillion to deficit and leave 10.9 million uninsured, CBO analysis says

This Move Won't Stay Quiet for Long - Ad

One Tech Tip: How to protect your 23andMe genetic data

Ken Griffin Slams Trump For Chasing Tax Cuts And Low-Wage Manufacturing, Questions Push Toward 'Lowest Paid Workforce In The World'

How to Hack a $1.3T Market - Ad

Lennar Reports Mixed Q2 Results: EPS Miss, Revenues Beat

Walmart Heiress Takes On Trump With 'No Kings' Ad: White House Calls It 'Burning Some Of Her Inheritance For A PR Stunt'

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

Arrive AI (ARAI) Stock Skyrockets 79% On New Climate-Control Patent

Hasbro Cuts 3% Of Global Workforce: Report

A Bold Pivot Into Solana Is Here - Ad

Czech president appoints a new justice minister amid a bitcoin scandal

Trump Administration Enforces Long-Dormant World War II-Era Alien Registration Act

The Tesla Shock Nobody Sees Coming - Ad

Protecting Seniors' Data Act To Audit DOGE's Access Of Social Security Systems, Identify 'Backdoor' Channels: Report

Mullen Automotive, Applied Digital, MongoDB, Netflix, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Solana-Backed Company Goes All In - Ad

Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge

Elizabeth Warren Says Millions Face 'Financial Scarlet Letter' As Trump Restarts Student-Loan Collections: '...Can Cost Someone A Job Opportunity'

How high will Bitcoin go in 2025? - Ad

US Military Drone Market Faces Overcrowding Amid High Demand

CNN correspondent and crew detained and escorted from Los Angeles protest zone

A Better Hedge Than Gold? - Ad

Inflation data threatened by government hiring freeze as tariffs loom

Lockheed Martin, RTX, General Dynamics And Other Defense Stocks Rise In Friday Pre-Market: What's Going On?

Is Elon's Empire Crumbling? - Ad

Fartcoin Slides 10% In A Day: What Is Going On?

JPMorgan, Bank of America, and TD Bank Warn of Data Breaches Impacting Customer Information, Is Your Account Safe?

Former Zillow Execs Target $1.3T Market - Ad

Judge Halts Deportation Of Boulder Firebombing Suspect's Family: Homeland Security Announces Investigation

DraftKings (DKNG) Stock Rises As Rival FanDuel Announces Illinois Betting Fee

This Move Won't Stay Quiet for Long - Ad

Nvidia chief calls AI ‘the greatest equalizer’ — but warns Europe risks falling behind

Sundar Pichai Says He Gets Frustrated, Angry, But Realized Losing His Temper Doesn't Lead To Productivity Because Sometimes 'Silence Can Deliver' More: Here's What He Learned Because Of Soccer

How to Hack a $1.3T Market - Ad

Apple's loses bid to halt court ruling that blocks some fees from its iPhone app store

Power bills in California have jumped nearly 50% in four years. Democrats think they have solutions

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

Jensen Huang Is Motivated By 'Fear, Guilt, Anxiety,' Reveals Nvidia CEO's Biographer: 'Gets Very Uncomfortable...Nervous When Things Are Going Well'

VanEck Shutters ESG ETFs RNEW, SMI Amid Low Demand For Green Investment Funds

A Bold Pivot Into Solana Is Here - Ad

Private Japanese lunar lander heads toward a touchdown in the moon's far north

Ukraine's backers meet to drum up arms and ammo. The Pentagon chief is absent for the first time

The Tesla Shock Nobody Sees Coming - Ad

Gavin Newsom Calls Deployment Of National Guard In Los Angeles 'Unlawful,' Says There Was No Problem Until Trump Got Involved: 'Serious Breach Of State Sovereignty'

Will Rising Stars Circle, CoreWeave Perform Like Past IPO Winners Reddit, Astera Labs?

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.