How Close Are The Bitcoin ETFs To Surpassing Satoshi Nakamoto?

On November 12, spot Bitcoin ETF inflows reached $1.1 billion. BlackRock’s IBIT dominated with inflows of $756 million, while Fidelity’s FBTC garnered inflows of $135 million.

A day later, BlackRock’s IBIT crossed the $1 billion in trading volume mark in just 25 minutes, while it surged to top actively trading status ahead of popular ETFs like Invesco QQQ and SPDR S&P 500 ETF Trust.

Accumulation of $3.4B in Four Days Post-Election

By the end of October, US Bitcoin funds were collectively holding 983,334 BTC, which indicates that they had acquired over 56,000 BTC during the past two weeks. However, in November, ahead of the US elections, Bitcoin ETFs see $541M in outflows, marking the second largest in history.

Still, the accumulation has accelerated since Donald Trump’s victory in the US presidential election. According to data provided by Farside Investors, US spot BTC ETFs have seen an unprecedented $3.4 billion inflow in just four days since Election Day.

This was the group’s best performance last Thursday when investors poured around $1.3 billion into ETFs. BlackRock’s IBIT itself accounted for a record-breaking $1.1 billion that day amid high trading volumes.

According to Balchunas, spot ETFs rapidly gather Bitcoin at around 17,000 BTC weekly. If this pace continues, those funds would be on track to eclipse Satoshi’s estimated Bitcoin holdings by December 2024.

Edmondson’s top Bitcoin holders list includes some of the biggest Bitcoin-holding companies, including MicroStrategy. In a declaration, the company announced that it had added 27,200 BTC to its portfolio. With this addition, the number of BTC in possession goes to 279,420, valued at approximately $23 billion.