Bitcoin ETF Milestone
MicroStrategy’s CEO, Michael Saylor, recently discussed a significant development in the world of Bitcoin ETFs through a Twitter post. He highlighted the fact that over 1 million BTC, equivalent to 1 Nakamoto, are now held within spot Bitcoin exchange-traded funds.
“32 Bitcoin spot ETFs now hold 1 Nakamoto of BTC,” Saylor’s post confirmed.
This notable increase in Bitcoin holdings within ETFs follows the approval of Bitcoin ETFs by the US Securities and Exchange Commission earlier this year. According to a chart shared by Saylor, the majority of these Bitcoin holdings are situated within US-based Bitcoin spot ETFs.
The data reveals that the top cryptocurrency funds, including Grayscale Bitcoin Trust and BlackRock’s iShares Bitcoin Trust, share a significant portion of the total BTC holdings. Specifically, Grayscale Bitcoin Trust holds 289,040 BTC, while BlackRock’s iShares Bitcoin Trust has 287,168 BTC, collectively owning 1,002,343 BTC. This accumulation represents 5% of the overall circulating Bitcoin supply, amounting to $67.9 billion in value at present.
Fidelity WiseOrigin Bitcoin Trust ranks next, with 161,538 BTC under its management, followed by Ark 21Shares Bitcoin ETF with a stash of 48,444 BTC. Additionally, outside the US, the Canadian Purpose Bitcoin ETF maintains 27,110 BTC. MicroStrategy, led by Michael Saylor and known as the largest corporate holder of Bitcoin worldwide, currently possesses 214,400 BTC, valued at $14.58 billion on its balance sheet, according to recent reports. These figures are consistent with data from saylortracker.com, a platform monitoring MicroStrategy’s Bitcoin investments.
Bitcoin ETF Resurgence
Despite the recent introduction of Ethereum ETFs sanctioned by the SEC, the Bitcoin spot ETF market continues to advance. The achievement of holding ‘1 Nakamoto’ underscores the rising significance of Bitcoin ETFs and the escalating institutional acceptance of the cryptocurrency.
Michael Saylor has also expressed his endorsement of Ethereum ETF approvals, emphasizing their positive impact on Bitcoin. In an interview, Saylor stated, “there’s a lot of things that will be considered in a more open light, and Bitcoin will be the leader of the crypto asset class.”
