Satoshi Nakamoto Bitcoin Holdings Worth $110 billion
The most prominent name in cryptocurrency circles is Nakamoto, the Bitcoin inventor with an estimated 1.1 million Bitcoins worth $100 billion in wallets connected to the Bitcoin creator. Spot Bitcoin ETFs held 1,105,690, totaling $110 billion as of Friday’s market close. issued by ten U.S. asset managers.
Bitcoin was created by Satoshi Nakamoto who disappeared from the public eye in 2011 and created electronic money that could be transferred without financial middlemen.
In that regard, it is ironic that the most prominent brands on Wall Street played a major role in Thursday’s milestone and reportedly influenced Bitcoin’s increasing value throughout the year.
The largest asset manager in the world, BlackRock, has controlled the emerging market for products that make investing in Bitcoin as easy as gaining exposure to the S&P 500. According to CoinGlass, the iShares Bitcoin Trust (IBIT) alone owns 521,000 Bitcoin valued at $50 billion.
Spot Bitcoin ETFs are writing a new chapter in the history of the asset. Bitcoin’s acceptance on Wall Street is only getting started, moving from obscure to deeply ingrained in mainstream finance.
Bloomberg ETF Analyst Eric Balchunas called it “mind-blowing,” pointing out that the products are “literal babies.”.
The ETF holdings are capable of surpassing the Bitcoin creator’s holdings. Markets project Nakamoto’s estimated holdings might be Wall Street products by Christmas.
Nonetheless, spot Bitcoin ETFs have made $2.04 billion since Monday, coinciding with Bitcoin’s historic surge above $100,000 on Wednesday—possibly an early present to the cryptocurrency acolytes.
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