Bitcoin Spot ETFs own more Bitcoin than Satoshi Nakamoto

Asset managers have overtaken inventor Satoshi Nakamoto's Bitcoin stock and now top the list as the largest Bitcoin hodlers.

The crypto market had a successful week. Bitcoin broke the $100,000 mark for the first time, while Ethereum once again surpassed $4,000. The Bitcoin Spot ETFs there was positive news.

More Bitcoin than Satoshi

From December 2 to 6, the Bitcoin Spot ETFs experienced their second most successful week ever, with inflows of $2.73 billion. Collectively, the ETFs now own about 1.14 million Bitcoin, more than secret inventor Satoshi Nakamoto's estimated 1.1 million Bitcoin.

In total, the 12 approved asset managers collectively manage some $112 billion in Bitcoin, representing more than 5 percent of the total stock. The biggest player in this is BlackRock, the world's largest asset manager, whose IBIT product accounts for $53 billion.

Bitcoin Spot ETFs were launched on Jan. 12, 2024, and have since become the most successful ETFs in financial history. BlackRock's IBIT has raised more capital in just 11 months than their gold ETF, which has been around for 20 years.

Small correction after big rise

After last week's sharp rise, the crypto market begins a slight correction today, Monday, December 9, 2024. Most cryptocurrencies are moving between -1 and +5 percent.

The Fear-and-Greed-Index of the sector is currently at "Extreme Greed" with a score of 78 out of 100.