Spot bitcoin exchange-traded funds (ETFs) are nearing one million BTC holdings, driven by substantial inflows amidst a rally as the election nears. Currently, these ETFs, which began trading on January 11 this year, hold approximately 967,459 tokens. With continued investment, they are expected to surpass the one million threshold soon, edging closer to Satoshi Nakamoto's estimated 1.1 million coins.

During the past week alone, the ETFs collected over $2.1 billion in inflows, marking one of the most significant increases since March. BlackRock’s iShares Bitcoin Trust, in particular, is on track to exceed 400,000 BTC in assets. Notably, Binance’s holdings, a distant second, stand at approximately 636,000 BTC.

As bitcoin prices continue their upward trend, fueled in part by political developments, interest in these ETFs is surging. Experts suggest that the potential of a crypto-friendly candidate winning the upcoming U.S. election may be influencing this rally.