U.S Spot Bitcoin ETF Holdings Hits ATH of 1.25M: What Do They Know?

• The U.S. spot BTC ETFs have since surpassed Satoshi Nakamoto’s holdings of 1.096 million coins.
• Wall Street analysts, led by Bitwise CIO Matthew Sigel, expect BTC price to rally to new ATH before the end of year.
• Traders have a high conviction of a 25bps Fed rate cut in September amid executive pressure.

The fleet of United States spot Bitcoin ETFs has officially reached a new all-time high, with total holdings surging to a landmark 1.25 million coins. The meteoric growth, which now sees the ETFs holding more BTC than Satoshi Nakamoto’s fabled 1.1 million coin stash, is being driven by Wall Street titans BlackRock and Fidelity.

According to the latest market data, BlackRock’s iShares Bitcoin Trust (IBIT) alone now holds 748,968 BTC, accounting for a staggering 59.9% of all Bitcoin held in U.S. spot ETFs. The fund has become a go-to for major institutional players, attracting significant capital from the likes of Brown University, Abu Dhabi’s sovereign wealth fund Mubadala, and Harvard’s management company.

This institutional rush comes as the market is going through short-term volatility, as Bitcoin Price Dips and Traders Await Fed Chair Powell’s Jac…

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