- BlackRock’s BTC ETF has now become the third-largest Bitcoin holder.
- Projections suggested that Bitcoin ETFs could surpass top holders, including Nakamoto, by late 2025.
The growth of Bitcoin [BTC] Exchange-Traded Funds (ETFs) has been significant, with BlackRock’s IBIT Bitcoin ETF now positioned as the third-largest BTC holder worldwide, just behind Grayscale.
Fidelity’s FBTC fund is ranked ninth, while Satoshi Nakamoto remains at the forefront. This shift underscores the increasing institutional adoption of Bitcoin through ETF investments.
Bitcoin ETF update
According to the latest update from Farside Investors, BTC ETFs experienced a net inflow of $27.8 million on the 12th of August, with total net inflows reaching $17.369 billion since their inception.
Among these, BlackRock’s IBIT ETF stood out, having attracted a notable $20.330 billion in net inflows since its launch.
In contrast, Grayscale’s GBTC ETF has faced outflows totaling $19.462 billion over the same period.
Seeing the rise in Blackrock’s BTC ETF investment, Bloomberg’s senior analyst Eric Balchunas took to X (formerly Twitter) and said,
“Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October. BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time Ht @EdmondsonShaun.”
Source: Eric Balchunas
This indicated that Bitcoin ETFs might surpass the current leading holders by late 2025.
Satoshi Nakamoto’s BTC holdings
Currently, Satoshi Nakamoto, the pseudonymous founder of Bitcoin, is estimated to hold about 1.1 million BTC, making him the largest individual holder.
BTC ETFs, excluding Grayscale, collectively possess around 645,899 BTC, with total U.S. ETF holdings exceeding 900,000 BTC.
Despite ongoing debate about Nakamoto’s exact holdings, the anticipated rise of Bitcoin ETFs reflected a notable shift in the cryptocurrency market.
Highlighting the transformative impact of BTC ETFs, Spencer Hakimian, Founder of Tolou Capital Management, remarked,
“People underestimate how reluctant institutions were to own Bitcoin on exchanges. Owning via ETF is a game changer. Allows risk averse institutions to own Bitcoin finally. Game changer.”
In the meantime, while Bitcoin ETFs have experienced significant momentum since their debut, BTC itself has had a tumultuous journey in 2024.
The cryptocurrency reached an all-time high of $73K earlier in the year. At the time of writing, Bitcoin is on an upward trend, approaching $60K after a period of bearish movement.
- BlackRock’s BTC ETF has now become the third-largest Bitcoin holder.
- Projections suggested that Bitcoin ETFs could surpass top holders, including Nakamoto, by late 2025.
The growth of Bitcoin [BTC] Exchange-Traded Funds (ETFs) has been significant, with BlackRock’s IBIT Bitcoin ETF now positioned as the third-largest BTC holder worldwide, just behind Grayscale.
Fidelity’s FBTC fund is ranked ninth, while Satoshi Nakamoto remains at the forefront. This shift underscores the increasing institutional adoption of Bitcoin through ETF investments.
Bitcoin ETF update
According to the latest update from Farside Investors, BTC ETFs experienced a net inflow of $27.8 million on the 12th of August, with total net inflows reaching $17.369 billion since their inception.
Among these, BlackRock’s IBIT ETF stood out, having attracted a notable $20.330 billion in net inflows since its launch.
In contrast, Grayscale’s GBTC ETF has faced outflows totaling $19.462 billion over the same period.
Seeing the rise in Blackrock’s BTC ETF investment, Bloomberg’s senior analyst Eric Balchunas took to X (formerly Twitter) and said,
“Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October. BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time Ht @EdmondsonShaun.”
Source: Eric Balchunas
This indicated that Bitcoin ETFs might surpass the current leading holders by late 2025.
Satoshi Nakamoto’s BTC holdings
Currently, Satoshi Nakamoto, the pseudonymous founder of Bitcoin, is estimated to hold about 1.1 million BTC, making him the largest individual holder.
BTC ETFs, excluding Grayscale, collectively possess around 645,899 BTC, with total U.S. ETF holdings exceeding 900,000 BTC.
Despite ongoing debate about Nakamoto’s exact holdings, the anticipated rise of Bitcoin ETFs reflected a notable shift in the cryptocurrency market.
Highlighting the transformative impact of BTC ETFs, Spencer Hakimian, Founder of Tolou Capital Management, remarked,
“People underestimate how reluctant institutions were to own Bitcoin on exchanges. Owning via ETF is a game changer. Allows risk averse institutions to own Bitcoin finally. Game changer.”
In the meantime, while Bitcoin ETFs have experienced significant momentum since their debut, BTC itself has had a tumultuous journey in 2024.
The cryptocurrency reached an all-time high of $73K earlier in the year. At the time of writing, Bitcoin is on an upward trend, approaching $60K after a period of bearish movement.
![Bitcoin [BTC]: Will high network activity affect traders? Assessing…](https://coininsights.com/wp-content/uploads/2023/04/Screenshot-2023-04-30-at-2.32.14-PM.png)
clomiphene costo buying generic clomiphene without dr prescription how to buy cheap clomiphene no prescription where can i get clomid no prescription cost cheap clomiphene prices clomid prices in south africa can you get cheap clomiphene without rx
This is the description of content I have reading.
The thoroughness in this draft is noteworthy.
order azithromycin 250mg pill – order tindamax 500mg sale order flagyl for sale
buy motilium pill – tetracycline ca purchase flexeril generic
order augmentin 625mg pill – atbioinfo how to buy ampicillin
order esomeprazole 20mg for sale – anexa mate nexium 20mg pills
buy warfarin pill – anticoagulant cozaar 25mg over the counter
mobic 7.5mg canada – https://moboxsin.com/ mobic 15mg price
buy prednisone 10mg pill – arthritis cheap prednisone 20mg
buy best erectile dysfunction pills – fast ed to take non prescription ed drugs
buy amoxil pill – https://combamoxi.com/ amoxil order online
diflucan canada – diflucan 100mg ca diflucan price
how to get cenforce without a prescription – https://cenforcers.com/ order cenforce 50mg online
when will generic tadalafil be available – https://ciltadgn.com/ cialis generic overnite
zantac 150mg uk – https://aranitidine.com/# zantac 150mg sale
cialis daily review – this cheap cialis pills
Thanks for sharing. It’s top quality. como tomar doxycycline
street value viagra 50mg – click can you buy viagra ebay
More posts like this would persuade the online elbow-room more useful. https://ursxdol.com/get-metformin-pills/
This is the amicable of glad I enjoy reading. buy neurontin 600mg pill
This is a theme which is forthcoming to my fundamentals… Diverse thanks! Exactly where can I lay one’s hands on the acquaintance details due to the fact that questions? https://prohnrg.com/product/atenolol-50-mg-online/
This is the stripe of topic I have reading. levitra prix maroc