In a historic milestone for cryptocurrency markets, US-listed spot Bitcoin exchange-traded funds (ETFs) have accumulated more Bitcoin than Satoshi Nakamoto, Bitcoin's mysterious creator. The 11 spot Bitcoin ETFs now hold over 1.1 million BTC, with total weekly inflows exceeding $2.35 billion.
BlackRock's iShares Bitcoin ETF leads the pack with 521,375 BTC under management, establishing itself as the third-largest Bitcoin holder globally. The collective holdings of spot Bitcoin ETFs now represent approximately 5.57% of Bitcoin's total market capitalization, valued at $109 billion.
The rapid growth of these investment vehicles has shattered previous records in the ETF market. BlackRock's IBIT reached $50 billion in assets in just 228 days - five times faster than any other ETF in history, according to Bloomberg ETF analyst Eric Balchunas.
December 5 marked a particularly strong day for the sector, with total inflows reaching $766 million. BlackRock's IBIT contributed $770 million to this figure. The surge in ETF investments coincided with Bitcoin's price reaching a new all-time high of $103,670.
The success has extended beyond Bitcoin, with Ethereum ETFs experiencing their strongest week since launch. Despite earlier pressure from Grayscale ETF outflows, Ethereum ETFs recorded positive flows for nine consecutive days, accumulating $752 million in weekly inflows. These products now hold $12.51 billion worth of Ether, representing 2.71% of Ethereum's market capitalization.
As of the latest market update, Bitcoin trades at $93,787, demonstrating the growing institutional acceptance of cryptocurrency investments through regulated financial products.