BlackRock’s IBIT Bitcoin ETF has quickly become the third-largest Bitcoin holder globally, trailing only behind Bitcoin's enigmatic creator, Satoshi Nakamoto.
The combined U.S. ETF holdings exceed 900,000 BTC, while Nakamoto’s alleged stash is around 1.1 million BTC, though this is disputed.
Bloomberg analyst Eric Balchunas forecasts that Bitcoin ETFs could surpass Nakamoto’s holdings by 2025. Currently, BlackRock’s IBIT holds 347,767 BTC, and Fidelity’s FBTC has 176,626 BTC. Grayscale is another major player with 263,801 BTC.
Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October. BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time Ht @EdmondsonShaun pic.twitter.com/QGsO00zrxp
— Eric Balchunas (@EricBalchunas) August 12, 2024
Binance ranks second with over 550,000 BTC, despite regulatory challenges.
The actual BTC holdings of Satoshi Nakamoto remain debated, with some estimates suggesting less than 700,000 BTC.
BlackRock, the largest asset manager globally, continues to deepen its crypto engagement. Its iShares Bitcoin ETF manages about $21 billion, and its recent partnership with Circle to invest in USDC highlights its growing role in the sector.
BlackRock might soon launch its own blockchain to streamline asset management, potentially enhancing its influence in the cryptocurrency market.
China has fired back at the U.S. with its own set of tariffs, marking another chapter in the escalating global trade conflict that began with President Donald Trump’s tariff announcement on April 2.
Bitcoin has once again demonstrated its resilience in the face of a turbulent market, outperforming the Nasdaq 100 index since the start of the year.
Bitcoin startup funding has seen a notable surge in early-stage investments, with pre-seed rounds increasing significantly since 2021.
Genius Group, a Singapore-based AI firm, has hit a legal snag in its plans to expand its Bitcoin treasury.