US ETFs Hold More Bitcoin Than Satoshi Nakamoto

The total Bitcoin holdings managed by US exchange-traded fund (ETF) companies have surpassed 1.1 million, or nearly $110 billion at current exchange rates, a fact highlighted by Bloomberg ETF analyst Eric Balchunas.

“Kings of the hill. US spot ETFs have surpassed Satoshi himself in Bitcoin holdings. They hold more than 1.1 million Bitcoin, more than anyone else in the world, and they’re not even a year old,” Balchunas wrote in X.

That amount of cryptocurrency is indeed comparable to the number of Bitcoins believed to be owned by Bitcoin’s creator, known as Satoshi Nakamoto.