search
Homeweb3.0Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi

The U.S.-based spot funds currently hold about 396,922 bitcoin altogether, with BlackRock's iShares Bitcoin Trust soon to cross 400,000 in BTC holdings.

Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi

The holdings of several U.S.-based spot bitcoin exchange-traded funds are now approaching one million tokens, having started trading less than 10 months ago.

The ETFs, which began trading on Jan. 11 of this year, currently hold about 967,459 tokens, with holdings having been boosted recently by major inflows as bitcoin (BTC) rallies into the election.

At a recent rate of inflows, the ETFs are likely to cross the one million mark in the next couple of weeks, bringing them into the territory of Satoshi Nakamoto, who owns 1.1 million tokens, according to data from Blockchain.com.

The second depository of bitcoin is Binance, which held 636,000 BTC as of Oct. 1, according to its Proof of Reserves. Most of those holdings are likely not for the exchange's own account, but instead owned by its customers.

BlackRock’s iShares Bitcoin Trust (IBIT) currently holds 396,922 BTC on behalf of clients, putting the asset management giant in third place.

Interest in the ETFs – which had waned alongside months of sideways-to-lower price action – has picked up along with bitcoin, which at press time was trading close to a three-month high just shy of $68,000.

Last week, the funds saw their biggest single-day inflows since early June, taking in over $555 million on Oct. 14, according to data from Farside Investors. The total amount of assets added to the funds last week was $2.1 billion, the strongest amount since March.

The largest cryptocurrency by market cap has been rallying over the last two weeks as a result of several factors, possibly including the boosted odds of crypto-friendly Donald Trump winning the U.S. presidential election in November.

The above is the detailed content of Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
SBI Holdings Teams Up With Franklin Templeton to Establish Digital Asset Management Company Targeting Bitcoin ETFs in JapanSBI Holdings Teams Up With Franklin Templeton to Establish Digital Asset Management Company Targeting Bitcoin ETFs in JapanJul 26, 2024 pm 03:16 PM

This venture aims to prepare for the potential approval of Bitcoin BTC/USD and cryptocurrency exchange-traded funds in Japan.

Jersey City Mayor Steven Fulop Announces Plans to Invest a Portion of the City’s Pension Fund into Bitcoin ETFsJersey City Mayor Steven Fulop Announces Plans to Invest a Portion of the City’s Pension Fund into Bitcoin ETFsJul 26, 2024 am 11:44 AM

Fulop, who has held office since 2013, revealed on July 25 that the city's pension fund is in the process of updating its paperwork with the US Securities and Exchange Commission (SEC) to include this new investment strategy.

Bitcoin ETFs See $45M Inflows Amid Market Fluctuations; MoonTaurus (MNTR) Gains Momentum as a Top Investment ChoiceBitcoin ETFs See $45M Inflows Amid Market Fluctuations; MoonTaurus (MNTR) Gains Momentum as a Top Investment ChoiceAug 13, 2024 am 06:08 AM

Spot Bitcoin exchange-traded funds (ETFs) have made a strong comeback with inflows of $45 million, signaling renewed interest from investors.

Bitcoin ETFs Bounce Back with Over $117 Million in InflowsBitcoin ETFs Bounce Back with Over $117 Million in InflowsSep 13, 2024 am 09:12 AM

Analyst Eric Balchunas has dismissed the current commotion over the alleged failure of Bitcoin ETFs. He stated that these items have been identified recently again as part of the inflows.

Bitcoin ETFs See $39M Inflows, While Ethereum ETFs Witness $20M Outflows, Expressing Contrasting Market DevelopmentsBitcoin ETFs See $39M Inflows, While Ethereum ETFs Witness $20M Outflows, Expressing Contrasting Market DevelopmentsSep 13, 2024 pm 09:07 PM

The US crypto ETF market witnessed another shift in terms of flows on the 12th of September. As per a well-known on-chain analytics company Spot On Chain

Bitcoin (BTC) Exchange-Traded Funds (ETFs) in the U.S. Reported Net Inflows of $64.91 Million on August 22, 2024Bitcoin (BTC) Exchange-Traded Funds (ETFs) in the U.S. Reported Net Inflows of $64.91 Million on August 22, 2024Aug 24, 2024 am 03:44 AM

On Thursday, August 22, 2024, Bitcoin exchange-traded funds (ETFs) in the U.S. reported net inflows of $64.91 million, marking the sixth consecutive day of positive flows.

Spot Bitcoin (BTC) Exchange-Traded Funds in the United States See Net Outflows of $127.05 Million on Aug. 28 Led by ARK 21Shares’ ARKBSpot Bitcoin (BTC) Exchange-Traded Funds in the United States See Net Outflows of $127.05 Million on Aug. 28 Led by ARK 21Shares’ ARKBAug 28, 2024 pm 06:45 PM

Data from SoSoValue indicates that the 12 U.S. spot Bitcoin exchange-traded funds experienced net outflows on Aug. 28, breaking an eight-day streak of positive inflows.

Bitcoin ETF Market Experiences Sudden ReversalBitcoin ETF Market Experiences Sudden ReversalAug 01, 2024 am 12:16 AM

The red-hot Bitcoin ETF market, which has seen billions of dollars pour in, shows signs of cooling. For the first time in over a week, investors pulled money

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)