crypto

12/6/24

Move over Satoshi, it’s ETF season

Fifteen years ago, a pseudonymous entity known as Satoshi Nakamoto created bitcoin to be a decentralized asset outside of the traditional financial system. However, as we all know, if BlackRock can productize an asset, it will.

On Friday, bitcoin spot ETFs officially surpassed Satoshi’s bitcoin stash of 1.1 million bitcoin, with BlackRock alone holding more than 521,000 bitcoin. Maybe the memes are right and BlackRock does own everything.

KING OF THE HILL: The US spot ETFs have just passed Satoshi in total bitcoin held, now hold more than 1.1m, more than anyone in the world, and they're not even a year old yet, literally babies still. Mind blowing. h/t @EdmondsonShaun for the data pic.twitter.com/FQBIGGz5ei
— Eric Balchunas (@EricBalchunas) December 6, 2024

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