ETFs’ Bitcoin Holdings Near Satoshi’s Stash, Vanguard’s Potential Entry Looms
- US Bitcoin ETFs hold approximately 1.07 million BTC, valued at nearly $96 billion.
- This figure is close to Satoshi Nakamoto’s estimated 1.1 million BTC holdings.
- Recent inflows amount to $2.4 billion, with IBIT leading at $1.8 billion this week.
- Investors prefer spot-driven Bitcoin exposure via ETFs, shifting away from futures.
A notable shift in investor behavior shows a clear preference for spot Bitcoin ETFs over futures contracts. This preference is driving Bitcoin’s current price rally, as evidenced by a perpetual futures market premium peak that remains below previous levels.
The increasing adoption of Bitcoin ETFs could prompt investment giant Vanguard to offer crypto ETFs, marking a significant change in their strategy. This potential move could further legitimize Bitcoin in mainstream finance, encouraging more investors to explore digital currencies.
