🌋 U.S. Spot Bitcoin ETFs Claim World’s Largest BTC Reserve
posted 6 Dec 2024
On December 6, Bloomberg ETF analyst Eric Balchunas revealed that U.S. spot Bitcoin ETFs have surpassed Satoshi Nakamoto’s BTC reserve, now holding over 1.1 million coins.
Eric Balchunas reminded us on X that U.S. spot Bitcoin ETFs have been active for less than a year, quipping, “literally babies still.” Much of the BTC under these ETFs originates from Grayscale’s trust, initially established in 2013.
By December 5, 2024, SoSoValue reports that U.S. spot Bitcoin ETFs held over $109 billion in assets, approximately 5.5% of Bitcoin’s total market cap.
That same day, net inflows reached $766.66 million for Bitcoin ETFs and $428.44 million for Ethereum ETFs—the latter setting a record since launch.
On December 5, Bitcoin reached $100,000, breaking a major psychological barrier and marking a transformative moment for the industry. A day later, Ethereum reached $4,000, its highest since March 2024. We’ve detailed industry reactions to these milestones on our website.
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