Antony Parsons
U.S.-listed spot bitcoin ETFs are on the verge of holding one million bitcoins, with current holdings at approximately 967,459 BTC. These funds have seen significant inflows, particularly in the last week, with over $2.1 billion added. BlackRock’s iShares Bitcoin Trust (IBIT) is close to reaching 400,000 BTC, marking a major milestone in the industry’s growth and investor interest.
Current Holdings and Recent Inflows
The U.S.-based spot Bitcoin ETFs currently hold approximately 967,459 BTC, with significant inflows driving their rapid growth. Last week alone, these funds recorded one of their largest inflows, adding over $2.1 billion in just five days. BlackRock’s iShares Bitcoin Trust (IBIT) is a standout, holding 396,922 BTC and nearing the 400,000 BTC mark. This surge in interest coincides with Bitcoin’s recent rally, which has seen the cryptocurrency approach a three-month high of nearly $68,000. The ETFs, which launched on January 11, 2023, have gained substantial traction, reflecting renewed investor enthusiasm. Last week, the funds saw their biggest single-day inflow of $555 million on October 14, according to data from Farside Investors. With continued inflows, the ETFs are poised to cross the one million BTC threshold in the coming weeks, aligning them closely with major holders like Satoshi Nakamoto, who owns 1.1 million BTC.
BlackRock’s iShares Bitcoin Trust Close to 400,000 BTC Milestone
BlackRock’s iShares Bitcoin Trust (IBIT) is nearing the significant 400,000 BTC milestone, currently holding 396,922 BTC. This growth reflects strong investor interest, with the ETF recording substantial inflows, particularly in the past week, adding over $555 million on October 14 alone, according to Farside Investors.
Significant Inflows and Market Performance
BlackRock’s iShares Bitcoin Trust (IBIT) has seen substantial inflows, contributing to its imminent crossing of the 400,000 BTC mark. The ETFs recorded one of their largest weeks of inflows last week, with over $2.1 billion added in just five days. This surge in interest coincides with a recent rally in Bitcoin, which is currently trading near a three-month high, just shy of $68,000. The largest single-day inflow of $555 million on October 14, according to Farside Investors, highlights the growing investor confidence in these funds. This significant influx of capital is not only boosting the ETFs’ holdings but also reflecting a broader market sentiment favoring Bitcoin as an investment asset. The robust performance of these ETFs, particularly in the context of the upcoming election, underscores their role as a key indicator of market trends and investor behavior in the cryptocurrency space.
Comparative Holdings: ETFs vs. Binance and Satoshi Nakamoto
The U.S. spot bitcoin ETFs are rapidly approaching the one million BTC mark, currently holding around 967,459 tokens. This significant milestone places them in close proximity to Satoshi Nakamoto, the mysterious creator of Bitcoin, who is estimated to own 1.1 million BTC, according to Blockchain.com data. Binance, one of the world’s largest cryptocurrency exchanges, holds approximately 636,000 BTC, as of its Proof of Reserves on October 1. However, it is important to note that a significant portion of Binance’s holdings are likely owned by its customers rather than the exchange itself. BlackRock’s iShares Bitcoin Trust (IBIT) currently holds 396,922 BTC, making it the third-largest holder behind Satoshi and Binance. The surge in investor interest and recent inflows into ETFs, particularly during the last week, have been substantial, with over $2.1 billion added to the funds. This growth underscores the increasing institutional adoption of Bitcoin and the growing importance of ETFs in the crypto landscape.
