Bitcoin exchange traded funds are now the largest holders of the flagship cryptocurrency. The 12 spot bitcoin ETFs in existence have collectively passed $100 billion in assets under management, one of the most successful ETF launches in history. The funds now own slightly more than 1.1 million bitcoin , equivalent to about 5% of all the bitcoin in existence. BTC.CM= YTD mountain Bitcoin in 2024 Collectively, bitcoin ETFs now own more of the cryptocurrency than legendary pseudonymous founder Satoshi Nakamoto, who is believed to control as much as 1.1 million bitcoin. Largest bitcoin holders U.S. Spot ETFs 1,104,534 Satoshi Nakamoto 1,100,000 Binance 633,000 MicroStrategy 402,100 U.S. Government 198,109 Chinese Government 194,000 Bitfinex…
