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.

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

Same AI Tech That Predicts Grid Blackouts and Heart Failure... Now Gives You the Chance to Outperform 99% of Money Managers - Ad

Popular

December Social Security Payments Might Come Early — But There's a Catch

The Social Security Administration is altering its payment schedule for December.

Trump 'Very Seriously' Considering Australian Retirement Savings System For US Working People: 'It's A Good Plan'

President Donald Trump has revealed that his administration is actively exploring the possibility of implementing a retirement savings system similar to Australia's in the United States.

The $43B Big Pharma Story is Starting Over-With a New Player

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Acadia Healthcare Stock Tanks After Warning Of Litigation Surge

Acadia Healthcare stock fell after revising its 2025 outlook due to higher litigation costs stemming from patient-related lawsuits.

Deadly Asian floods are no fluke. They’re a climate warning, scientists say

HANOI, Vietnam (AP) — Southeast Asia is being pummeled by unusually severe floods this year, as late-arriving storms and relentless rains wreak havoc that has caught many places off guard.

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch - Ad

Our analysts have built one of the most reliable track records in the memecoin space by recognizing early momentum signals many traders overlook. Their newest pick shows several of the same early indicators found in past standout performers. Get the details before this story spreads.

Why Softbank CEO Was 'Crying' Over Selling Nvidia Stake

Softbank founder Son sold entire Nvidia stake to fund AI investments, but says he was crying as he parted with shares.

Officer Injured By January 6 Predicts Trump Will Flee US After 2026 Elections: 'He'll Be Hopping on That Qatari Jet to Saudi Arabia'

Former District of Columbia Metro police officer Michael Fanone has speculated that President Trump might leave the U.S. after the 2026 elections.

Developing: Former Military Coder's AI Tech "Breaks Out" Into U.S. Stock Market

Developing: Former Military Coder's AI Tech "Breaks Out" Into U.S. Stock Market - Ad

An AI created by a former top-secret Air Force nuclear missile coder has now learned to forecast the direction of the U.S. stock market. Early users could have already tripled their money, based on the average winning trades this AI has spotted so far.

Bulgaria's government withdraws controversial budget after major protests

SOFIA, Bulgaria (AP) — Bulgaria's government said Tuesday it is withdrawing a controversial budget proposal after protests against it drew tens of thousands of people and saw clashes between police and protesters.

How To Earn $500 A Month From Dollar General Stock Ahead Of Q3 Earnings

Dollar General offers an annual dividend yield of 2.14% ($2.36 a year). How can investors exploit this to pocket a regular $500 monthly?

The Smart Money Copper Trade

The Smart Money Copper Trade - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Jared Isaacman Dodges Question On Whether Elon Musk Was Present When Trump Offered Him The NASA Administrator Job: 'Don't Think It's Fair'

Jared Isaacman repeatedly refused to say whether Elon Musk was present when Donald Trump offered him the NASA administrator job, prompting senators to question his ties to SpaceX and raising fresh concerns about potential conflicts of interest.

Marvell Technology, CrowdStrike, Boeing, Intel And Pure Storage: Why These 5 Stocks Are On Investors' Radars Today

MRVL, CRWD, BA, INTC, PSTG were among the stocks seen trending on Tuesday, Dec. 2, 2025.

Utility Over Hype: ETF Launch Alert

Utility Over Hype: ETF Launch Alert - Ad

This ETF isn't about speculation, it's about infrastructure. Seconds-level settlement, low fees, and institutional custody.

Nikki Haley's Son Says GOP Must Act Or Lose Gen Z To 'Mamdani-Style' Socialism: 'We Are Going In The Opposite Direction'

Nalin Haley, conservative activist and the son of former Republican presidential contender Nikki Haley, has spoken out about the challenges faced by his generation, Gen Z, and the need for Republicans to address them.

Pete Hegseth 'Didn't Stick Around' To Watch Second Drug-Boat Strike, Says He Couldn't See Survivors In 'Fog Of War'

Pete Hegseth defends controversial drug boat strike, saying he only monitored initial strike and denies giving order to kill everybody. Lawmakers and legal experts are scrutinizing the deadly operation.

$270,000 Drug. One Competitor. Billion-Dollar Market.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Trump Says 'I Love Dell' After Michael Dell Donates Billions To Fund Children's Trump Accounts

President Trump celebrates the Dells' $6.25 billion donation, writing "Two great people. I love Dell!!" on social media.

(Micro)Strategy's Structural Reset: Why Markets Are Repricing MSTR Beyond Bitcoin

The recent decline in Strategy's (NASDAQ:MSTR) stock price is not a simple pullback, nor is it a reaction driven by short-term sentiment. What is unfolding around MSTR is a broad structural repricing.

How it's Possible to Rake In Huge Gains From Gold's Surge

How it's Possible to Rake In Huge Gains From Gold's Surge - Ad

Gold blasted past $4,300 recently. It's up almost 50% in the past year. But why settle for 50% like most coin buyers... when past gold cycles have thrown off gains of 2,300%, 7,746%, even 9,850%? Weiss Ratings' gold expert Sean Broderick reveals what he believes is a more profitable way to play this surge.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

Donald Trump Nullifies 92% Of Joe Biden's Autopen-Signed Documents: 'Cancelling All Executive Orders And Anything Else'

Trump moved to invalidate what he claims are most of Biden's autopen-signed actions, sparking political backlash and renewed debate over the legality and precedent of using mechanical signatures for presidential documents.

Why Are 21 Billionaires Moving Their Money ASAP?

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." It could cut the entire tech marketing by HALF.

Here's why everyone's talking about a 'K-shaped' economy

WASHINGTON (AP) — From corporate executives to Wall Street analysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating.

San Francisco sues nation's top food manufacturers over ultraprocessed foods

The city of San Francisco filed a lawsuit against some of the nation's top food manufacturers on Tuesday, arguing that ultraprocessed food from the likes of Coca-Cola and Nestle are responsible for a public health crisis.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Shaquille O'Neal Says His Naive Pitch Nearly Wrecked His Wealth: 'If I Get Your Million Now, In A Couple Years, It Will Be A Couple Million'

Shaquille O'Neal has made a remarkable transition from his illustrious sports career to becoming a successful business entrepreneur, with a portfolio estimated to be worth around $500 million.

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

NEW YORK (AP) — AT&T has reached a combined $177 million settlement over two . And impacted consumers have a little over a month left to file a claim for their chunk of the money.

Same AI Tech That Predicts Grid Blackouts and Heart Failure... Now Gives You the Chance to Outperform 99% of Money Managers

Same AI Tech That Predicts Grid Blackouts and Heart Failure... Now Gives You the Chance to Outperform 99% of Money Managers - Ad

Breakthrough AI created by former Air Force nuclear missile coder can now forecast U.S. stock prices... and could help you make 252% gains over the next year-while also dramatically decreasing your risks.

Trump says he's rebuilding Dulles airport while his administration is fixing the 'people movers'

WASHINGTON (AP) — President Donald Trump said Tuesday that his administration will embark on a reconstruction of Dulles International Airport in northern Virginia.

Silver Soars To Record Highs: It's Up 95% In 2025, The Best Year Since 1979

Silver prices surge over 5% as investors rush to secure metal amid tight supplies and global shortage concerns, driving up stocks and mining equities.

The $43B Big Pharma Story is Starting Over-With a New Player

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

What's Going On With Home Depot Shares Monday?

Home Depot, Inc. (NYSE:HD) shares are bouncing around Monday ahead of earnings later this week. Here's what you need to know.

Zohran Mamdani Says Starbucks CEO Brian Niccol Made $95 Million Last Year, While His Workers Struggle For The 'Bare Minimum'

NYC Mayor-elect Zohran Mamdani joined Starbucks workers on a picket line, highlighting the CEO's $95 million pay while workers strike for better conditions.

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch - Ad

John Bolton Questions Trump's Latest 'Incoherent Strategy' To Achieve Ukraine-Russia Agreement, Calls It 'Typically Trumpian'

Bolton criticizes Trump's 28-point peace proposal for Russia-Ukraine conflict as incoherent and lacking strategy, claiming it benefits Moscow.

A third Russian tanker attacked in the Black Sea, Turkish authority says

ANKARA, Turkey (AP) — A tanker carrying sunflower oil from Russia to Georgia was attacked in the Black Sea, the Turkish maritime authority said Tuesday, days after by .

Developing: Former Military Coder's AI Tech "Breaks Out" Into U.S. Stock Market

Developing: Former Military Coder's AI Tech "Breaks Out" Into U.S. Stock Market - Ad

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Trending Now

Lebanon 'far from' diplomatic normalization or economic relations with Israel, prime minister says

UPS put profits over safety before plane crash that killed 14, lawyer alleges

The Smart Money Copper Trade - Ad

Turkey's energy minister warns of threat to oil and gas supplies after tankers targeted

Jim Cramer's '10 Stocks To Own For The Future' In 2000 Cost This Redditor A Decade Of Retirement, Says Having To Work 10 More Years Was 'Painful'

Utility Over Hype: ETF Launch Alert - Ad

American Eagle Outfitters Stock Smashes 52-Week High On Holiday Momentum

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Farmers block Mexico's Congress with tractors in protest against new national water law proposal

Is Bitcoin's Rally Real? 5 Reasons Why It Is — And 5 Reasons Why It's Not

How it's Possible to Rake In Huge Gains From Gold's Surge - Ad

Rahm Emanuel Urges Democrats To Get Tougher on Crime

Micron Kills 'Crucial' Consumer Unit To Chase AI Gold Rush

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

Scaramucci Says This One US Mistake Helped China Become a Manufacturing Superpower

Joan Branson, wife of British billionaire Richard Branson, dies at 80

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

5 Financial To-Dos Before the End of 2025

Iran's currency falls to a new low as nuclear sanctions squeeze its ailing economy

Same AI Tech That Predicts Grid Blackouts and Heart Failure... Now Gives You the Chance to Outperform 99% of Money Managers - Ad

Here's How Americans Spent a Record $18 Billion Chasing Thanksgiving Week Deals

Airbus cuts 2025 delivery target due to A320 fuselage panel issue

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

Kamala Harris Slammed For Telling 'Blatant Lies' By Josh Shapiro, Democrat Governor Calls Trump 'Once-In-A-Generation' Figure

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch - Ad

US Debt Of $38 Trillion Now A 'National Security Crisis,' Warns Top Economist, Another Blames Political Polarization: 'Neither Party Is…'

Bitcoin, Ethereum, Dogecoin Dip, While XRP Ticks Up: Analyst Assumes BTC Will Test New Lows In Upcoming Week

Developing: Former Military Coder's AI Tech "Breaks Out" Into U.S. Stock Market - Ad

Noem Says National Guard Shooting Suspect Was Radicalized In US

Elon Musk Doubles Down On Solar-Powered AI Satellites, Predicts 'Convergence' Between Tesla, SpaceX, xAI — 'Tesla Is The World Leader In…'

The Smart Money Copper Trade - Ad

AutoZone Set For Solid Quarter As Consumer Demand Rebounds: Analyst

OpenAI's Partners Rake Up $96 Billion Debt as AI Industry's Borrowing Trend Escalates

Utility Over Hype: ETF Launch Alert - Ad

Adam Schiff Warns Trump Is Dragging America Toward A Venezuela War, Slams GOP For Treating Congress Like An 'Unnecessary Appendage'

Netflix Stock Slides As Alarm Bells Ring Related To Potential HBO Max Bundle

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

Elon Musk Says Bitcoin Is Based On Energy, The 'True Currency' — Tesla CEO Says His 'Interesting Side Quest' DOGE Is Still Going On

How it's Possible to Rake In Huge Gains From Gold's Surge - Ad

India's oil imports and other issues will be on the agenda for Putin meeting with Modi

Why Falcon's Beyond Stock Is Jumping Today

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

Stock Market Today: S&P 500, Nasdaq Futures Rise After Breaking 5-Day Winning Streak—MongoDB, CrowdStrike, American Eagle In Focus

OpenAI Panics Amid Gemini's Surge— Sam Altman Pauses Monetization In 'Code Red' Pivot, 3 Years After Google's Search Crisis

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

Nvidia, Dell, Coinbase, Gorilla Technology And Archer Aviation: Why These 5 Stocks Are On Investors' Radars Today

Walmart Stock Just Hit A New All-Time High: What's Going On?

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.