By CryptoSlate | Created at 2024-12-06 14:16:45 | Updated at 2024-12-22 07:17:36
2 weeks ago
US Bitcoin spot exchange-traded funds (ETFs) have surpassed a significant milestone of holding more BTC than Satoshi Nakamoto, the pseudonymous creator of the flagship digital asset.
Other prominent ETFs include Ark 21Shares ARKB, which holds 48,144 BTC, and Bitwise’s BITB, which manages 41,062 BTC. VanEck’s HODL ETF holds a comparatively modest 13,745 BTC, while other funds manage less than 10,000 BTC each.
This achievement is particularly striking given the nascent state of these funds. They have been operational for less than a year yet have consistently drawn substantial investor interest, evidenced by the flow of $766.66 million on Dec. 5. This brings their current six-day streak flow over $2.7 billion, according to SoSoValue data.
Ethereum spot ETFs are also experiencing rapid growth and are currently in the midst of their longest inflow streak since their launch.
On Dec. 5, these funds recorded a historic $428.44 million in single-day inflows—their highest since launching in July. This new record surpasses the previous milestone of $333.92 million set just days earlier, on Nov. 29.
Nate Geraci, president of ETF Store, noted the significance of these numbers, pointing out that the Ethereum spot ETFs have attracted over $1.3 billion in net inflows since their launch.
According to him, these numbers highlight robust demand despite limitations such as restricted staking options, the absence of in-kind transactions, and limited access to major financial institutions.
