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US ETFs Become the Biggest Bitcoin Holders, Beating Satoshi Coin Edition 06 Dec 2024

US ETFs Become the Biggest Bitcoin Holders, Beating Satoshi 🇺🇸

U.S. Bitcoin Spot Exchange-Traded Funds (ETFs) have taken the lead as the largest holders of Bitcoin globally by acquiring 1,104,534 BTC. This amount surpasses the estimated 1.1 million BTC held by Bitcoin's pseudonymous creator, Satoshi Nakamoto.

This significant milestone highlights the rapid adoption and growing influence of ETFs in the cryptocurrency market.

According to data compiled by analyst Shaun Edmondson, this development underscores the pivotal role the U.S. financial market is playing in the realm of digital assets.

Source: coinedition.com ↗

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