K33 Research data
I've been meaning to gather some stats on where bitcoins are hanging out to better analyze what's going on in the market. I came across a recent report from K33 Research that mentions there are about 1 million Bitcoins tied up in ETPs, ETFs, and various funds.
I'm looking for info on how many bitcoins are sitting on exchanges right now, how many have been seized by different governments, and any other official figures to get an idea of how many bitcoins have known owners. There's also info about bitcoins that are lost for good, but we do see some big wallets popping back up after a decade or so.
If anyone has already tackled this before me, please share what you found so I don’t have to start from scratch.
You'll probably only see the data of confiscated bitcoins by the authorities in estimate I think because even though there are some news headlines that are talking about the amount of bitcoins seized in an operation, there's other operations out there that aren't newsworthy so they don't get headlines or just plain covert so the numbers aren't accounted for, only way that you could know for sure is if you've got some deep level access in the governments that have seized bitcoins or have a contact that would provide you that numbers.
If this is true then wouldn't this be a good thing because there's more in crypto exchanges than any other groups out there? What I'm trying to say is that don't we the retail investors outnumber these groups so any kind of plan to do with the price of the market?
It's good to have such data and to monitor how influential investment funds are actually getting. There's a clear surge of Bitcoin accumulation in 2024, most likely due to the SEC finally approving ETFs. One million BTC is a very big number, especially considering that a few million BTC that count as 'circulating supply' might actually be lost forever or are at least not in active use. But that still means that they're very far from managing the majority of BTC.
I do agree, though, that this data should be combined with info on exchanges and other forms of centralized storage of BTC to estimate how much is actually held by people in non-custodial wallets. From what Amphenomenon shared, it seems that the majority of BTC is likely to still be decentralized and held by people themselves (or at least outside major centralized platforms). That sounds like good news to me.
BitcoinTreasuries.net has a Treemap Chart that breaks down Bitcoin distributions on Government entities, Public companies, Private companies, ETFs & Funds, DeFi, and more.
The treemap chart is built with estimations because it is impossible to identify how many bitcoins were actually lost.
https://bitcointreasuries.net/
The upgraded version.
I'm quite happy that there are still a lot Bitcoin that hold by people in non custodial wallet, I thought the number would be less than 50%, probably like 10% considering most people around myself hold their Bitcoin in Binance.
But we don't know what we happen in the next decade, I hope the number of Bitcoin in "people" will increase.
I think I was able to come across this website which gives a 24hrs detailed statistics about the total amount of Bitcoin which comes in and out of over 20 different crypto exchanges as could be seen below. I think this could be of better tool to aid your research if you don't mind.
Link: https://www.coinglass.com/Balance
50% of Bitcoin are actually held on non-custodial wallets and Apocollapse gave the full image but if you actually read my quoted text, you did notice that it was said there which is around 10.5m btc held there.
About the amount of bitcoin held on exchanges the fact remains the fact which is though you teach the truth only those who will listen will listen but in the end we know they are going to regret their ignorance though this is among what are held in ETFs spot
This is indeed a good way to somehow analyze the possibilities in the market. I hope you will come up with the bigger picture that is more or less accurate.
It is elating to know from the previous post that around half of all Bitcoin is being held by Bitcoin supporters in non-custodial storage. It is certainly troubling if this much Bitcoin is being kept by centralized custodians. That signals a big risk in the market.
My hunch is that when you finally put all the pieces together, you'd find out that there are actually more coins than the actual supply. And it's because of these centralized services which produce hollow numbers, paper Bitcoin, or IOUs.
I already realized that more than half of the bitcoins cannot be analyzed using my methods
https://twitter.com/ArkhamIntel/status/1765705287120429110
"Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on chain.
We believe Tesla currently holds 11.51K BTC ($780M) across 68 addresses, and SpaceX holds 8.29K BTC ($560M) across 28 addresses."
WHO OWNS THE MOST BITCOIN - 2024 UPDATED
https://www.arkhamintelligence.com/research/who-owns-the-most-bitcoin-2023-edition
WHO OWNS THE MOST ETHEREUM (2024 EDITION)
https://www.arkhamintelligence.com/research/who-owns-the-most-ethereum
Bitcoin has 6 months until ETF liquidity crisis New analysis
https://cointelegraph.com/news/bitcoin-6-months-etf-liquidity-crisis-analysis
Bitcoins held by the US government
https://bitcointalk.org/index.php?topic=5452300.0
German Police Seizes Record 50,000 BTC Worth $2.17B in Major Piracy Case
https://bitcointalk.org/index.php?topic=5483905.0
https://www.ishares.com/us/products/333011/ishares-bitcoin-trust
"BlackRock owns 287,167 BTC ($19.7 billion)"
"Bitcoin ETF issuers own 1,002,343 BTC ($69 billion) 4.7% of the BTC supply. (HODL15Capital)"(C)
K33 Research data
https://x.com/JSeyff/status/1857089998614335761
"US Spot #Bitcoin ETFs now own an estimated ~1.07 million BTC. As a group they're likely to pass Satoshi's estimated holdings of ~1.1 million BTC in the next few days or weeks" (C) James Seyffart
About Bitcoin Sport ETFs, you can get live stats of bitcoin hold by Bitcoin Spot ETFs from Glassnode on-chain data.
https://studio.glassnode.com/dashboards/btc-etfs
https://newhedge.io/terminal/bitcoin/spot-bitcoin-etf-holdings
Numbers for Bitcoin Spot ETFs are exact ones but number for Satoshi Nakamoto is only estimation. We don't know Satoshi Nakamoto's exact Bitcoin fortune.
Bitcoin ETFs were approved in March, meaning it took them just 8 months to own over 1 million BTC and be ready to surpass Satoshi. What will happen in the coming years and how many bitcoins will they own and what percentage of the bitcoin supply will they account for?
Some people's concerns are not unfounded, bitcoin ETF approval is like a double-edged sword. On one hand, that will positively impact the price of bitcoin as more people invest in it, but on the other hand, bitcoin will be held mainly by institutions making it more susceptible to manipulation and becoming more centralized. But in the end, there is nothing we can do to fight or stop them from accumulating more bitcoins.
Honestly, I have mixed feelings, not knowing whether to be happy or sad about this news.
It's good and bad, but all of these are regulated to the brim, so they wouldn't be able to "manipulate" BTC, per se. But they surely will have some levers on it.
I thought that we should know that the BTC spot ETFs were approved on January 10 and they started to trade on January 11.
See this, everything you need to know about BTC spot ETFs article from August.
Of course, it is an amazing phenomena in regards to getting BTC price exposure, even though also the power of bitcoin and the value comes from directly holding it and directly being able to transact in it without anyone being able to stop such transactions.
https://companiesmarketcap.com/usd/assets-by-market-cap/
The ETF market gives many pluses, but it is also an additional market to sell off an asset other than the crypto market.
ETF assets can be used in collateral, in indices, in other exchange instruments, and in 5 years it will be difficult for many people to analyse the assets. For example, DAI now has many instruments other than cryptocurrencies as collateral.