Over 30 Bitcoin exchange-traded funds (ETFs) collectively hold 1 million BTC, according to Michael Saylor, the head of MicroStrategy and a strong advocate for Bitcoin. Saylor highlighted this significant milestone in a recent Twitter post, referring to it as “1 Nakamoto” of BTC. The growth of Bitcoin ETFs has been rapid, especially since the US Securities and Exchange Commission (SEC) approved them in January. Saylor’s chart shows that most of the BTC is held by ETFs in the US, with the Grayscale Bitcoin Trust and BlackRock’s iShares Bitcoin Trust being the largest, holding 289,040 BTC and 287,168 BTC respectively. In total, the 1,002,343 BTC owned by these ETFs represent 5% of the circulating Bitcoin supply and have a value of $67.9 billion. Other significant ETF holders include Fidelity WiseOrigin Bitcoin Trust and Ark 21Shares Bitcoin ETF. In addition to the US, the Canadian Purpose Bitcoin ETF also holds a substantial amount of BTC. MicroStrategy, which is the largest corporate holder of Bitcoin, currently has 214,400 BTC worth $14.58 billion on its balance sheet. The rise of Bitcoin ETFs demonstrates growing investor confidence and institutional adoption, and Saylor has also voiced support for the approval of Ethereum ETFs, stating that they are beneficial for Bitcoin.
