Bitcoin ETFs recently surpassed a significant threshold, holding over 1 million BTC in total due to rising interest from investors. On October 31, 2024, the funds collectively attracted nearly $900 million in inflows, primarily driven by BlackRock, which alone holds approximately 429,000 BTC. Since receiving approval in January, Bitcoin ETFs have amassed inflows totaling $24.2 billion, with significant contributions from institutional investors rather than retail. This surge in investments coincided with a pivotal moment in Bitcoin's history, marking nearly 16 years since its white paper was published. Bloomberg's ETF analyst Eric Balchunas noted that at the current inflow rate, Bitcoin ETFs could soon surpass the holdings of Bitcoin's creator, Satoshi Nakamoto, who is believed to possess around 1.1 million BTC. The growing acceptance and trust in Bitcoin, backed by major institutions like BlackRock, demonstrate a crucial shift in the narrative surrounding cryptocurrency investments.

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