U.S. spot bitcoin ETFs are on the verge of surpassing one million BTC held, marking a significant milestone since their inception just ten months ago. Currently, these funds hold approximately 967,459 BTC, with BlackRock's iShares Bitcoin Trust poised to exceed 400,000 BTC. Recent inflows totaled over $2.1 billion in one week, driven by rising bitcoin prices and growing investor interest leading up to the 2024 U.S. presidential election. If current trends continue, these holdings will soon approach the 1.1 million tokens owned by the token's creator, Satoshi Nakamoto. As of early October, the second-largest bitcoin holder, Binance, held about 636,000 BTC, most of which is likely owned by customers rather than the exchange itself. This surge in ETF interest follows a period of stagnation in the bitcoin market but has reignited as prices near a three-month high, close to $68,000.

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