Wall Street’s imminent embrace of digital assets was once a rallying cry for Bitcoin boosters, who believed a suite of suit-wearing investors would inevitably dominate the emerging market. As spot Bitcoin ETFs surpassed Satoshi Nakamoto’s holdings Thursday, they were proven right.

As of Thursday’s market close, spot Bitcoin ETFs collectively held 1,105,690 Bitcoin worth $110 billion, according to CoinGlass data. Issued by 10 asset managers in the U.S., the clutch of products began trading January 11, all except for Grayscale’s Bitcoin Mini Trust.

As Bitcoin’s pseudonymous creator (or creators), Nakamoto’s name looms largest in crypto circles. With an estimated 1.1 million Bitcoin held in wallets widely believed to be tied to the Bitcoin inventor(s), the milestone represented an eye-popping stat for ETF watchers, as much as it signaled the market’s maturation past crypto’s long-absent godfather.

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Author: André Beganski