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FxWirePro- BTCUSD Daily Outlook 
With 4.68% of Bitcoin’s total supply now under their control, Bitcoin ETFs are set to topple Satoshi Nakamoto’s legendary $68.2 billion BTC holdings this month, marking a monumental moment for the crypto world.
Bitcoin ETFs Near Satoshi Nakamoto’s $68 Billion Mark
Bitcoin exchange-traded funds (ETFs) currently own $57.73 billion worth of Bitcoin, or 4.68% of the entire supply, as reported by SoSoValue, a leading financial research forum. With $22.91 billion in net assets, Bitcoin ETFs hold the largest portion of BTC supply among these funds. Substantial capital has been poured into these funds since their inception in January of this year.
If the current inflows continue, these Spot Bitcoin ETFs will surpass Satoshi Nakamoto's holdings this month, as projected in August by Bloomberg analyst Eric Balchunas. The value of Satoshi's Bitcoin assets is estimated to be 1.1 million BTC, or $68.2 billion.
Institutional Investors Power Bitcoin’s Rise
Balchunas made an interesting prediction: by the end of next year, institutional investors might have more Bitcoin than Satoshi. If they succeed in surpassing the Bitcoin creator, it could cement their control over the market for the foreseeable future.
The current uptick in capital flows into the Spot Bitcoin ETFs is indicative of the increasing power of institutional investors in the Bitcoin market. Bitcoin is favored by institutional investors due to its promising future.
Record-Breaking Inflows Drive Bitcoin ETF Growth
Investment banks like Goldman Sachs and Morgan Stanley have stepped up their involvement, significantly increasing their holdings in Bitcoin-related exchange-traded funds (ETFs), Coingape shares.
Inflows and share price performances of Bitcoin ETFs have been significantly greater than anticipated since their introduction. These exchange-traded funds set a new record for the most money ever received by an ETF on its first day, with a combined total of almost $4 billion.
Will Satoshi’s Legendary Holdings Be Overtaken?
Despite the unpredictable market conditions this year, investors have invested a whopping $17.5 billion into Spot Bitcoin ETFs. As an example, consider the iShares Bitcoin Trust (IBIT), the fastest-growing exchange-traded fund (ETF) ever, with $21.5 billion in assets after only seven months of operation.
