Bitcoin (BTC) exchange-traded funds (ETFs) are now the largest holders of the leading cryptocurrency, surpassing the amount held by the digital asset’s creator Satoshi Nakamoto.
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The dozen U.S. spot Bitcoin ETFs now collectively own more than $100 billion of the digital asset. Combined, the funds own slightly more than 1.1 million Bitcoin, equal to about 5% of all the Bitcoin in existence.
The Bitcoin ETFs own more of the largest cryptocurrency by market capitalization than its founder Satoshi Nakamoto (a pseudonym), who is believed to control 1.1 million Bitcoin. Now, BTC accounts for about 1% of all assets under management in the entire ETF sector, which currently stands at about $10 trillion.
Top 10 BTC Holders
According to Bloomberg News, the 10 largest holders of Bitcoin are as follows:
- U.S. Spot ETFs: 1,104,534 BTC
- Satoshi Nakamoto: 1,100,000
- Binance: 633,000
- MicroStrategy (MSTR): 402,100
- U.S. Government: 198,109
- Chinese Government: 194,000
- Bitfinex: 184,027
- Kraken: 158,959
- Block One: 164,000
- Robinhood (HOOD): 142,361
The Bitcoin ETFs that track the price movements of the cryptocurrency and do not require investors to physically hold the asset in a digital wallet have proven extremely popular. Analysts expect more Bitcoin ETF inflows in 2025 as a growing number of institutions gain exposure to crypto.
Some analysts are even speculating that Bitcoin ETFs will surpass gold ETFs in the year ahead. Currently, spot Bitcoin ETFs have a little more than $100 billion of assets under management, while physical gold ETFs have $125 billion in assets.
The price of Bitcoin is currently at $95,300, having risen 134% on the year.
Is Bitcoin a Buy?
Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so instead we look at the cryptocurrency’s three-month performance. As one can see in the chart below, the price of BTC has risen 75% in the last 12 weeks, which is a very strong result.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
