Over 30 Bitcoin Exchange-Traded Funds (ETFs) collectively hold 1 million BTC, according to Michael Saylor, the CEO of MicroStrategy and a prominent Bitcoin advocate. Saylor highlighted this significant milestone in a recent Twitter post, referring to it as “1 Nakamoto” of BTC. This achievement comes just a few months after the US Securities and Exchange Commission (SEC) approved Bitcoin ETFs in January.
Saylor’s chart reveals that most of the BTC is held by Bitcoin spot ETFs in the US. The two largest funds, Grayscale Bitcoin Trust and BlackRock’s iShares Bitcoin Trust, hold almost equal amounts, with 289,040 BTC and 287,168 BTC, respectively. In total, these ETFs collectively own 1,002,343 BTC, which represents 5% of the circulating Bitcoin supply and is currently valued at $67.9 billion.
Following closely behind is Fidelity WiseOrigin Bitcoin Trust, which holds 161,538 BTC, and the Ark 21Shares Bitcoin ETF with a stash of 48,444 BTC. In addition to the US ETFs, the Canadian Purpose Bitcoin ETF holds 27,110 BTC.
It’s worth noting that MicroStrategy, led by Michael Saylor, is the largest corporate holder of Bitcoin, with 214,400 BTC worth $14.58 billion on its balance sheet. This information is supported by the tracking website saylortracker.com, which monitors MicroStrategy’s Bitcoin investments.
The growing presence of Bitcoin ETFs signifies the increasing confidence of investors and the growing institutional adoption of cryptocurrencies. Even after the recent approval of Ethereum ETFs by the SEC, the Bitcoin spot ETF market continues to gain traction. Saylor has also expressed support for Ethereum ETFs, stating that they are beneficial for Bitcoin. He believes that Bitcoin will continue to lead the crypto asset class as more assets are considered in a more open light.
