At the rate they are accumulating Bitcoin on behalf of their holders, it seems like it is only a matter of time until the ETFs are the largest holders of Bitcoin. I don’t really think that means anything, other than that there is less supply trading on the open market. It still is trading in its own way though. Just via a different vehicle.

Yeah, I too think that that's the case - though, just like you said - it's only 1/21 of all the supply. Not that much of a hassle

Will there have to be next? I don't see any significance in US Spot Bitcoin ETF holdings surpassing that of Satoshi's. In the first place, does Satoshi having such amount of Bitcoin mean anything, except perhaps the fear of some that Satoshi might one day wake up and sell them?

Also, it's not like one man is accumulating more Bitcoin than another man. The ETFs are owned by many persons. They're a financial product available for everybody. It's not like a single entity, say, BlackRock owns and controls all of them so that it can sell them all at once anytime it wishes.

I think one big disadvantage if institutions own most of the Bitcoin in circulation is that they won't be treated as a currency, as money. The coins are treated as mere speculative assets, something people can make money from. So, in a way, it's not the kind of adoption that solid Bitcoin believers wish for.

The difference between satoshis coins and this one is control and ownership. Normally satoshi will not make a move on those coins anyway so the yare acted as if they do not even exist, those coins are basically burned out and not considered as part of the market.

However, if we were to ever compare, ETF companies can't sell all one million at the same time, it would not work, there are people who invested with them and they have to match it, meaning they are not going to sell all their coins all at the same time, they can sell when the market is going down or they could sell as much as the market allows them to sell, but because ownership belongs to customers and not the banks, this means they can't make big moves. This is why I believe we are going to end up with a much better result in ETF compared to an ownership (satoshi) who owns all of it and can sell them all at the same time. Not that Satoshi would, we have seen how it is not moving anywhere, I am just comparing as if he could.

The spot ETF was created for large institutional investors and also those individuals with very deep pockets. It doesn't matter if the U.S has more Bitcoins than Satoshi because we know Satoshi Nakamoto is the originator and can have other Bitcoin portfolio in other names that we can not know about.

With the estimate for Bitcoin getting to 21million coins, we see a large investor like Microstrategy, purchasing large quantity of Bitcoin and it is such that we could compare with what the U.S government holds currently.

Bitcoin is mostly going to be affected in a positive way like it already is and more large institutional investors will arise to mine and own mining farms, just as the government can, but it depends on the regulatory policies of a country or region inorder for Bitcoin to function properly.

It won’t affect the market in any significant way. That number is the combined holdings of all 12 ETFs. The combined holdings of major centralized exchanges has already surpassed Satoshi. Coinbase alone controls over 2 million BTC, including custody of most of the coins in ETFs. If ETF holdings go above 1 million that just means there is a lot of demand from investors and it would have a positive impact on price.

Who cares about who holds more bitcoins than the other, the question is are you holding? United States Spot bitcoin ETFs holdings or Satoshi's holdings shouldn't be our concern what matters is if you are part of those hodlers because we know the bitcoins that Spot bitcoin ETFs are holding are mostly owned by investors and some organizations so it's not same with that of a single Hodler Satoshi Nakamoto and besides it's only Satoshi's wallet address that he made public that we are aware of the amount of bitcoins in it, but definitely there will be other secret wallet addresses that he will own some good amount of bitcoins in them as well without the public knowing about it.

does it really matters who owns more Bitcoin be it Satoshi or an institution holder? Satoshi's holding will likely remain the way it is and wouldn't get moved or sold at least if we're considering an ideal case but that's not going to be sane with some institutional adaptors. That they are accumilating Bitcoin and not selling it at the moment doesn't mean they will never sell a part of it. Even if they don't, we will still have more than a small fraction of holders that won't still affect Bitcoin negatively. The issue with individual holding the greater portion of Bitcoin has been the fear that once they sell thier Bitcoin holdings, it's going to have a damning effect on Bitcoin price. The reality is that most of them will eventually start selling even before accumilating too much Bitcoin.

Not actually a big deal towards that thing since US government cannot do anything with US spot volume.

But provably there are sort of manipulation happen since somehow they can play peoples mind in that situation and either they can install fear for dump or shall we say a sort of manipulation attempt might be happen with those cases.

But so far all negative situation what people think didn't happen so we can assume that everything is fine. Its just people is just over exaggerated with those event and think about it can create long term trouble to the market.

Pretty sure the ETF is the total holdings? Compare that to Satoshi which is his alone there's already a difference between the two. As others have noted, you can say add all of the holdings of major BTC company holders and you'd pretty much get the same result, which is nothing lol. I still think it'd go up though since there's probably a lot more people who's going for Bitcoin ETFs instead of directly buying Bitcoin in the future.

The only thing it'd depend on is how the investors who invest through ETFs react compared to regular investors but by then, pretty sure ETF or not ETF doesn't really matter anymore? It's just the difference between investors themselves.