Bitcoin ETFs Have Outstripped Satoshi Nakamoto’s Holdings

Bitcoin ETFs have now accumulated more Bitcoin (CRYPTO: BTC) than the holdings of Bitcoin’s pseudonymous creator Satoshi Nakamoto.

What Happened: As of market close on Thursday, these ETFs collectively held 1,105,690 Bitcoin, valued at $110 billion, as per CoinGlass data. This milestone was reached by 10 asset managers in the U.S., who began trading these products on January 11. The only exception was Grayscale’s Bitcoin Mini Trust.

Nakamoto, who vanished from the public eye in 2011, is estimated to have mined up to 1.1 million Bitcoin in the project’s initial seven months.

The recent surpassing of Nakamoto’s holdings by Bitcoin ETFs marks a significant moment in the asset’s history.

Also Read: Bitcoin’s Bull Run: Betting On A $125K Finish …

Full story available on Benzinga.com