{"id":19303,"date":"2024-12-07T17:58:08","date_gmt":"2024-12-07T15:58:08","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-etfs-surpass-satoshi-nakamotos-holdings\/"},"modified":"2024-12-07T17:58:08","modified_gmt":"2024-12-07T15:58:08","slug":"bitcoin-etfs-surpass-satoshi-nakamotos-holdings","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-etfs-surpass-satoshi-nakamotos-holdings\/","title":{"rendered":"Bitcoin ETFs Surpass Satoshi Nakamoto&#8217;s Holdings"},"content":{"rendered":"<p>Bloomberg analyst Eric Balchunas has concluded that 12 companies offering spot Bitcoin ETFs now manage more coins than the creator of the first cryptocurrency, Satoshi Nakamoto.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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&#8217;re not even a year old yet, literally babies still. Mind blowing. h\/t <a href=\"https:\/\/twitter.com\/EdmondsonShaun?ref_src=twsrc%5Etfw\">@EdmondsonShaun<\/a> for the data <a href=\"https:\/\/t.co\/FQBIGGz5ei\">pic.twitter.com\/FQBIGGz5ei<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1865012801997087105?ref_src=twsrc%5Etfw\">December 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;King of the hill: The US spot ETFs have just surpassed Satoshi in total bitcoin held. They now have more than 1.1 million\u2014more than anyone in the world. And these funds aren&#8217;t even a year old\u2014they&#8217;re literally infants. Astonishing!&#8221; the expert wrote.<\/cite><\/p><\/blockquote>\n<p>According to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" title=\"SoSo Value\">SoSo Value<\/a>, the 12 publicly traded exchange-traded funds hold Bitcoin assets worth $112.74 billion. As before, BlackRock&#8217;s IBIT leads the pack, with its holdings exceeding 500,000 BTC.<\/p>\n<p>Inflow of funds continues unabated. Significant progress is also observed among Ethereum-based funds.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/41247\" data-width=\"100%\"><\/script><\/p>\n<p>The cumulative inflow since the approval of BTC-ETF <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">in January<\/a> has reached $32.3 billion.<\/p>\n<h2 class=\"wp-block-heading\">Satoshi&#8217;s Billions<\/h2>\n<p>Researchers, including Sergio Demian Lerner, estimate Satoshi Nakamoto&#8217;s holdings at about 1.1 million BTC. These conclusions are based on a detailed analysis of early network mining, where the analyst identified the so-called &#8220;Patoshi pattern&#8221; in the blockchain.<\/p>\n<p>It is believed that Satoshi mined about 22,000 of the first blocks. Given the 50 BTC reward at the time, this suggests a total of 1.1 million BTC. The coins have remained untouched since their creation.<\/p>\n<p>At current market prices, 1.1 million BTC is valued at over $100 billion. This could make Satoshi one of the world&#8217;s wealthiest individuals, trailing only names like Elon Musk, Larry Ellison, and Jeff Bezos. However, it remains uncertain whether the Bitcoin creator is alive and whether the private keys are lost.<\/p>\n<p>Earlier, as Bitcoin retreated from the $100,000 level, BlackRock acquired 7,750 BTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg analyst Eric Balchunas has concluded that 12 companies offering spot Bitcoin ETFs now manage more coins than the creator of the first cryptocurrency, Satoshi Nakamoto.<\/p>\n","protected":false},"author":1,"featured_media":19302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,111],"class_list":["post-19303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-satoshi-nakamoto"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19303"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19302"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}