U.S. spot Bitcoin ETFs have reached and surpassed the impressive milestone of holding over 1.1 million Bitcoin (BTC) in their portfolios. This achievement means that these ETFs now hold more Bitcoin than the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
This accumulation highlights the rising influence and adoption of Bitcoin ETFs in the financial markets within a remarkably short timeframe, under a year, signifying a substantial interest in Bitcoin as an investment vehicle among institutional and retail investors in the U.S.
The rapid pace at which these holdings have increased underscores a substantial confidence in Bitcoin as a legitimate asset class, with ETFs serving as accessible methods for investors to gain exposure.