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In a post on X on Aug. 13, Bloomberg’s senior ETF analyst Eric Balchunas compared the figures of each fund with the BTC holdings of corporations and even the founder of the asset Satoshi Nakamoto.Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October. BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time Ht
Satoshi allegedly holds around 1.1 million BTC, though this figure remains a source of debate and has not been officially confirmed. Nevertheless, the combined holdings of spot Bitcoin“BlackRock alone is already number 3 and on pace to be number 1 late next year and will likely stay there for a very long time,” exclaimed Balchunas.
BlackRock’s iShares Bitcoin Trust holds 347,767 BTC with a current market value of around $21 billion. BitMEX Research pointed out that Coinbase holds around two million BTC, but Balchunas replied, stating that the figures don’t include custodians – “We would never count a custodian in an asset ranking.”“People underestimate how reluctant institutions were to own Bitcoin on exchanges. Owning via ETF is a game changer. Allows risk averse institutions to own Bitcoin finally. Game changer.”Ark 21Shares led the pack with an inflow of $35.4 million, followed by BlackRock with $13.4 million.
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