US Spot Bitcoin ETFs See 90% Inflow Surge, Closing in on Satoshi’s Holdings

US spot Bitcoin ETFs experienced a significant surge in inflows on December 3, with a 90% increase compared to the previous day. The 12 spot Bitcoin ETFs recorded $675.97 million in inflows, nearly doubling the $353.67 million seen the day before.

Consecutive Days of Net Inflows

These investment vehicles have now enjoyed four consecutive days of net inflows, totaling over $1.45 billion within that span. This trend indicates growing institutional interest in Bitcoin and the increasing adoption of ETFs as a means of investing in the cryptocurrency.

BlackRock’s IBIT led the pack for the third consecutive day, with $693.25 million in inflows to the fund. Notably, BlackRock’s Bitcoin ETF achieved a significant milestone last week, surpassing 500,000 BTC in its holdings, accounting for 2.38% of Bitcoin’s total supply.

Top Performing ETFs

Other top-performing ETFs include:

  • Fidelity’s FBTC, which recorded inflows of $52.17 million
  • VanEck’s HODL, which attracted $16.21 million
  • Bitwise’s BITB, which secured $7.8 million

However, not all ETFs shared in the influx; ARK and 21Shares’ ARKB was the sole fund to report outflows, losing $93.47 million during the day.

Approaching Satoshi’s Stash

US spot Bitcoin ETFs are now within striking distance of surpassing Satoshi Nakamoto’s storied Bitcoin holdings. With a collective total of 1.083 million BTC under management, they require an additional 13,000 BTC, or approximately $1.23 billion at current market prices, to dethrone Satoshi as the largest holder of Bitcoin.

US Spot Listed ETFs just 13k #Bitcoin away from Satoshi holdings.

Bitcoin Price Stalls Despite Inflows

Interestingly, despite the surge in ETF inflows, Bitcoin’s price remained relatively flat, rising by only 1.1% over the past 24 hours to trade at $96,547 at the time of writing. This sideways trading suggests that while institutional interest in Bitcoin continues to soar, the broader market remains cautious as investors await further catalysts to push the asset into uncharted territory.

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