Spot Bitcoin ETFs’ holdings surpass Satoshi’s stash – A ‘dangerous sign’ or… – BitRss

• Bitcoin ETFs now hold more Bitcoin than Satoshi Nakamoto – a sign of robust demand
• ETF activity has significantly ballooned this year, spurring BTC’s price on the charts

Spot Bitcoin ETFs have been crucial to the cryptocurrency’s demand so far this year. In fact, their level of accumulation has hit new heights over the last few months, to the extent that they recently surpassed Satoshi Nakamoto’s holdings.

Spot Bitcoin ETFs in the U.S reportedly held 1.104 million coins, as of 6 December. This was higher than the 1.1 million coins in an address belonging to Bitcoin’s Satoshi Nakamoto. This means institutions in the U.S now control the biggest share of BTC in circulation. This was first revealed by Bloomberg’s Eric Balchunas who