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.

The Next Nvidia? - Ad

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

Is Artificial Intelligence the Biggest Bubble in History? - Ad

ABOARD A FRENCH NAVY FLIGHT OVER THE BALTIC SEA (AP) — With , the French Navy surveillance plane scouring zoomed in on a cargo ship plowing the waters below — closer, closer and closer still until the camera operator could make out details on the vessel's front deck and smoke pouring from its chimney.

What to know about Trump's buyout proposal for federal employees

President Donald Trump's administration is offering to federal employees to quickly reduce the government workforce. They don't have a long time to decide: The deadline is Feb. 6.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants

IT hardware stocks dip after DeepSeek news, but analyst sees growth potential in Corning, Hewlett Packard Enterprise, Western Digital, Seagate Technology and Apple due to specific catalysts.

Dubai's ceaseless boom is putting strains on its residents

DUBAI, United Arab Emirates (AP) — — and some residents are starting to feel burned.

AI's NEXT Magnificent Seven

AI's NEXT Magnificent Seven - Ad

The original Magnificent Seven produced 16,894% average returns over 20 years. But the man who called Nvidia at $1.10 says "AI's next Magnificent Seven could do it even faster." See his breakdown of the seven stocks you should own here.

Magnificent 7 Earnings Ahead: 3 ETFs To Ride The Wave

Earnings season in full swing, attention on tech giants known as Magnificent 7: 3 ETFs to consider.

Betting Against Nvidia Again

So much for the Jevons paradox.

He Called Every Bull And Bear Market In Crypto Since 2012 ... Here's What He Says Is Next

He Called Every Bull And Bear Market In Crypto Since 2012 ... Here's What He Says Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Moderna Stock Is Sliding Wednesday: Here's Why

Moderna Inc (NASDAQ:MRNA) shares are trading lower Wednesday after Goldman Sachs downgraded the stock. Here's what you need to know.

F5 Sees Big Wins in Multi-Cloud, AI Security, and IT Refresh, Analysts Forecast More Upside

F5 Inc (NASDAQ: FFIV) reported strong Q1 results, beating revenue and EPS estimates. The stock gained as analysts raised price targets and expectations for further growth from IT budgets, data center refresh, and AI demand.

5-Second Trump Clip will Give You Chills

5-Second Trump Clip will Give You Chills - Ad

If you have any money in the markets, take a moment to see this presentation with a 5-second clip of a shocking prediction President Trump made during his victory speech... Because according to legendary investor Louis Navellier, who correctly predicted Trump's win... This prediction is about to become a reality.

Trains canceled across Bangladesh as rail union goes on strike

DHAKA, Bangladesh (AP) — Trains were canceled across Bangladesh on Tuesday as railway staff went on strike for higher pensions and other benefits, affecting tens of thousands of passengers and freight transport.

Tesla's $30K EV Risks Being A 'Nothing Burger,' Says Gary Blackâ€”Warns Of Cannibalization Without A New Compact Design

Tesla Inc.'s planned $30,000 electric vehicle could disappoint investors if it fails to introduce a new compact form factor, according to prominent Tesla bull Gary Black, managing partner of The Future Fund LLC.

More AI Patents Than Nvidia, OpenAI and Tesla Combined?

More AI Patents Than Nvidia, OpenAI and Tesla Combined? - Ad

Most people have no idea this company exists. That's because it's on the inside of your smartphone, your computer, and everything else... 99% of Americans don't even know its name. Billionaires have been buying this $50 AI stock hand over fist...

Mark Zuckerberg Says China's DeepSeek Did Some Novel Things 'We're Still Digesting,' But Meta May Keep Pouring Billions Into AI Infrastructure Anyway

Meta CEO Mark Zuckerberg acknowledged that China's DeepSeek made novel advancements that Meta is still evaluating but emphasized that the company will continue investing billions in AI infrastructure, seeing it as a long-term strategic advantage.

Despite chaos over Trump White House's funding pause, FAFSA forms and student loans still available

A temporary freeze imposed briefly this week by the White House on federal grants and loans left many students wondering about the impact to the used to apply for financial aid.

Warren Buffett's Investing Partner's Shocking Final Move

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

Tesla Likely To Sell Optimus To Rivals In 2026, Elon Musk Says Revenue Potential Of Bot North Of $10 Trillion: 'It's Real Bananas'

Tesla Inc CEO Elon Musk on Wednesday said that the company intends to make several thousand units of its Optimus humanoid robot this year for deployment in its own factory which will inform the next version of the robot slated for launch next year and likely to be sold to rival companies.

7 AI Infrastructure Stocks Plunge Over 20%, Outpace Semiconductor Rout As DeepSeek Upends Investment Landscape

The launch of DeepSeek affects the AI boom including the power, cooling and data center giants that once rode the AI euphoria, which now have single-day losses exceeding 20%.

Crypto Stocks Are Heating Up

Crypto Stocks Are Heating Up - Ad

At the center of this transformation is a game-changing platform that's experiencing explosive growth with $41 million in revenue in just nine months. The stock has doubled in the last 45 days, but this is only the beginning.

Jensen Huang's Biggest Fear Isn't AI Competitionâ€”It's Pre-Show Butterflies: How Silicon Valley's Coolest Leaders Like Mark Zuckerberg And Elon Musk Are Gripped With Stage Fright

Nvidia CEO Jensen Huang, along with other tech leaders like Elon Musk, Mark Zuckerberg, and Warren Buffett, has openly admitted to struggling with public speaking despite their public personas and professional success.

FireAid, with Billie Eilish and Lady Gaga, is the latest in a long line of massive benefit concerts

Billie Eilish, Sting, Red Hot Chili Peppers and others in a efforts, is the latest event to combine music and philanthropy.

Ex CIA Predicts 40% "Double Crash" -- April 11

Ex CIA Predicts 40% "Double Crash" -- April 11 - Ad

I strongly advise taking action ahead of this NEW kind of economic crash... What makes this new crash so uniquely dangerous is that it could erase bank accounts.... My best followers are already following the steps laid out in this video. Prepare now, or suffer when the market implodes by 40% in a single day as soon as April 11. You've been warned.

Elon Musk Is 'Kind Of Glad' Many Didn't Pick Up A Tesla FSD Subscription: Here's Why

Tesla Inc CEO Elon Musk said on Wednesday that the company will likely have to update hardware for customers whose vehicles are equipped with an older version of the AI hardware called Hardware 3, for it to achieve fully unsupervised autonomous driving with full self-driving (FSD) driver assistance software.

3 ETFs Shine As Trump's First Week Sparks Record Gains Followed By Tech Slump

The S&P 500 had a strong first week, with ETFs such as SPY, VOO and IVV seeing gains. Were Trump's economic policies a factor?

Bill Gates' Next Big AI Bet: Stargate Could Be a Game-Changer

Bill Gates' Next Big AI Bet: Stargate Could Be a Game-Changer - Ad

Jeff Brown, the tech expert who predicted Bitcoin, Nvidia, and Tesla, reveals Bill Gates' new AI project, Stargate. Could this be the next big AI breakthrough?

Senate confirms Zeldin to lead Environmental Protection Agency as Trump vows to cut climate rules

WASHINGTON (AP) — The Republican-controlled Senate on Wednesday confirmed Lee Zeldin to lead the Environmental Protection Agency, a key role to help President Donald Trump fulfill his pledge to roll back major environmental regulations, including those aimed at slowing climate change and encouraging use of electric vehicles.

Mark Zuckerberg's Meta Pays Trump $25 Million To Settle Lawsuit Over Facebook, Instagram Ban After Jan. 6 Riot: 'A Big Year For Redefining Our Relationships With Governments'

Meta has agreed to a $25 million settlement with Donald Trump over his Facebook and Instagram bans, as CEO Mark Zuckerberg signals a shift in the company's approach to government relations under the Trump administration.

Is Bill Gates Missing the Big Picture?

Is Bill Gates Missing the Big Picture? - Ad

Bill Gates calls it: "The most transformative technology any of us will see in our lifetimes." Eric Fry agrees, saying it's far more advanced than anything today... including AI. But he also warns it could send millions of Americans into poverty.

Kansas City Battles Major Tuberculosis Outbreak, 67 Active Cases, Hundreds Under Watch

Kansas City faces one of the worst U.S. tuberculosis outbreaks, with 67 active cases and 384 people under monitoring.

Nvidia, Broadcom, Nebius Group, Taiwan Semiconductor, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Monday's trading session saw mixed results in the U.S. stock market. The S&P 500 dropped by 1.5% to 6,012.28, shedding nearly 90 points.

Top-Secret Military Base in New Mexico Desert

Top-Secret Military Base in New Mexico Desert - Ad

Out in the New Mexico desert sits a top secret government facility... The scientists here are studying a new technology that will change the way wars are fought... Once you see this thing for yourself -- you'll know in your heart it could be coming for all of us. That's why I've taken steps to help protect myself and my family from what could be unleashed as early as April 11.

Bill Ackman Questions Whether DeepSeek AI's Hedge Fund Affiliate Profited From Nvidia's Sell-Off: 'A Fortune Could Have Been Made'

Billionaire investor Bill Ackman questioned whether DeepSeek's hedge fund affiliate potentially profited from Monday's tech stock rout, which saw Nvidia Corp. shares plunge 17% following the Chinese artificial intelligence startup's emergence as a potential disruptor.

Amid Nvidia And Chinese AI Anxieties, Top Analyst Predicts Higher AI Infrastructure Demand Despite Market Jitters: 'The Market Is Overreacting To DeepSeek's Success'

Nvidia's stock plummeted as China's DeepSeek gained attention for its cost-efficient AI models, but analyst Gene Munster argued the market is overreacting, predicting increased AI infrastructure investment driven by the potential for achieving artificial general intelligence.

2025's No. 1 Trump Era Trade

2025's No. 1 Trump Era Trade - Ad

Elon Musk is warning about a major shortage we will face in 2025. Trump is targeting one specific resource as the solution to the problem. One American company is virtually the only company set up to solve this situation... generating billions in sales.

Georgia Republicans push to limit lawsuits. But would that keep insurance rates from rising?

ATLANTA (AP) — The pitch from Georgia Gov. Brian Kemp is simple: Putting will halt rising insurance costs.

Fartcoin Loses Shine Against SHIB, DOGE, Plunges 50% In 7 Days: Is This A Prime Buying Opportunity?

Fartcoin (CRYPTO: FARTCOIN) has dropped significantly from highs set one week ago, but traders on social media remain adamant about the meme coin’s future prospects.

He Called Bitcoin to $100k... Now He Says This Coin Is Next

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Gary Black Calls Tesla's Austin Robotaxi Launch By June 'Most Bullish' Takeaway, But Wants Answers On Auto Margins And Next-Gen EV

Tesla Inc. bull Gary Black highlighted the company's planned autonomous ride-hailing service in Austin as a significant development while expressing concerns about automotive margins and the forthcoming affordable electric vehicle's design.

Trending Now