Bloomberg analyst: The total amount of Bitcoin holdings in US Bitcoin ETFs is expected to surpass Sa

According to the current increase rate of Bitcoin (BTC) holdings by US Bitcoin Exchange Traded Funds (ETFs), the amount of Bitcoin held by these funds may soon surpass that of the mysterious Bitcoin anonymous creator Satoshi Nakamoto.

A chart released by Bloomberg ETF analyst Eric Balchunas on Tuesday (13th) shows that the total amount of Bitcoin currently held by US Bitcoin spot ETFs is 909700 (worth approximately $55.1 billion), approaching Satoshi Nakamoto's estimated holding of 1100000 BTC (worth approximately $66.5 billion). Satoshi Nakamoto mined these bitcoins in the early days of their creation and has not changed them since they disappeared 13 years ago.

On average, the holdings of Bitcoin spot ETFs increase by about 37510 BTC per month, which means that at this rate, these funds may surpass Satoshi Nakamoto's holdings in January next year, which happens to be the first anniversary of the launch of these Bitcoin spot ETFs. Balchunas believes that these funds may surpass Satoshi Nakamoto's holdings as early as October. He continued to write:

BlackRock (ETF holdings) alone is already ranked third and is expected to become number one in the second half of next year, and may maintain this position for a long time

However, the holdings of Bitcoin spot ETFs in the United States may have surpassed those of Satoshi Nakamoto, as some estimate that Nakamoto's holdings of Bitcoin may be as low as 600000 BTC, scattered across up to 20000 wallets. Due to the fact that this Bitcoin creator used a new wallet in the early days to receive a reward of 50 BTC for each memory block mined, no one has been able to accurately calculate Satoshi Nakamoto's Bitcoin holdings, which is generally believed to be a total of 1.1 million.

According to SoSo Value, a one-stop financial research platform, as of August 13th, the total net inflow of funds from 12 Bitcoin spot ETFs has reached $17.4 billion, including a net outflow of $19.49 billion from Grayscale Bitcoin Trust Fund (GBTC).

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