US Bitcoin ETFs surpass Satoshi’s slumbering stack

US Bitcoin ETFs have surpassed Satoshi Nakamoto’s holdings, accumulating more than 1.104 million tokens a year after their launch.

Spot Bitcoin (BTC) US exchange-traded funds have become the largest holder of cryptocurrency in the world, with over $109 billion. invested by Wall Street. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, holds 1.1 million tokens worth $108 billion at current prices, with these holdings remaining dormant for years.

Overtaking the Satoshi stack is a big deal for US spot BTC ETFs, an asset class that began trading on Wall Street in mid-January 2024. BlackRock’s IBIT overcome the group, managing almost half of the Bitcoin ETF spot volume.

Investors have allocated more than $51 billion to Bitcoin through the asset management giant, valued at $10 trillion. Grayscale and Fidelity complete the top three, holding $21 billion and $19 billion, respectively.

According to experts, US institutional demand for BTC through Bitcoin ETFs and corporate treasuries will continue to grow and skyrocket the broader digital asset ecosystem towards global adoption.

Hex Trust CEO Alessio Quaglini noted that this trend could spur a sovereign race for Bitcoin among nation states. Mercuryo co-founder and CEO Petr Kozyakov told crypto.news that digital assets are transitioning from speculative tools to a transformative and widely adopted technology.

Cryptocurrency is destined for mass adoption, similar to how the World Wide Web has today. Moreover, it will be the projects in this domain that excel in providing transparent and secure solutions with high-level user experience (UX) that will achieve supremacy. We envision a future in which consumers effortlessly transition from digital tokens to fiat currencies in their daily lives. The era of cryptocurrency has begun.

Petr Kozyakov, co-founder and CEO of Mercuryo