US-traded spot Bitcoin ETFs now hold over 1.07 million BTC, valued at nearly $96 billion, signaling a growing investor appetite for direct cryptocurrency exposure. Bloomberg analyst James Seyffart notes these ETFs are close to surpassing the stash of Bitcoin’s creator, Satoshi Nakamoto, estimated at 1.1 million BTC. This marks a significant milestone in cryptocurrency investment, reflecting increased mainstream acceptance.

BlackRock’s iShares Bitcoin Trust (IBIT) has quickly become a standout, accumulating over $40 billion in assets under management in just 211 days, making it one of the fastest-growing ETFs ever. Eric Balchunas of Bloomberg highlighted that IBIT achieved this growth 6x faster than the previous record holder, showcasing the high demand and rapid inflow of capital into Bitcoin-focused investment products.

This week alone, spot Bitcoin ETFs in the US witnessed inflows of approximately $2.4 billion, with IBIT leading at $1.8 billion. This robust inflow surpasses last week’s figures and underscores a shift in investor preference from Bitcoin futures to spot ETFs, driven by the stability and potential of spot market investments. The trend suggests a bullish outlook for Bitcoin, reinforcing its position in investment portfolios amid rising market acceptance.