Within a year of their introduction, U.S. Bitcoin ETFs have amassed more than 1.104 million tokens, surpassing Satoshi Nakamoto’s holdings
Location Wall Street has invested over $109 billion in Bitcoin exchange-traded funds in the United States, making them the world’s largest cryptocurrency holders. The pseudonymous creator of Bitcoin, Satoshi Nakamoto, has stored 1.1 million tokens, currently valued at $108 billion, in an inert state for years.
It is a significant achievement for U.S. spot BTC ETFs, an asset class that began trading on Wall Street in mid-January 2024, to surpass Satoshi’s hoard. BlackRock’s IBIT was the most successful in the group, overseeing nearly half of the spot Bitcoin ETF volume.
Through the $10 trillion asset management organization, investors have allocated more than $51 billion to Bitcoin. Grayscale and Fidelity comprise the remaining top three, with $21 billion and $19 billion, respectively.
Experts predict that the broader digital asset ecosystem will achieve global adoption as a result of the ongoing uptrend in U.S. institutional demand for BTC through Bitcoin ETFs and corporate treasuries.
Alessio Quaglini, CEO of Hex Trust, observed that this trend could potentially incite a sovereign race for Bitcoin among nation-states. According to Petr Kozyakov, CEO and co-founder of Mercuryo, digital assets are evolving from speculative tools to a transformative, widely adopted technology, as reported by crypto.news.
Petr Kozyakov, Mercuryo co-founder and CEO said :
Cryptocurrency is destined to reach mass adoption in just the same way as the World Wide Web has today. Furthermore, it will be the projects in the space that excel in providing seamless and secure solutions with a high-level user experience (UX) that will rise to supremacy. We see a future where consumers will move effortlessly between digital tokens and fiat in their daily lives. The age of cryptocurrency has begun.
