A Significant Milestone for Bitcoin ETFs
Exchange-traded funds (ETFs) focusing on Bitcoin have achieved a remarkable milestone, surpassing $100 billion in net assets. According to data from SoSoValue, this figure accounts for 5.4% of Bitcoin’s total market capitalization.
Spot Bitcoin ETFs Show Rapid Growth
Leading Spot Bitcoin ETFs
The 12 Bitcoin ETFs introduced by major players like BlackRock and Fidelity have reached this achievement within just 10 months of their January debut. Among them, BlackRock’s iShares Bitcoin Trust (IBIT) leads with $45.4 billion in assets under management.
Grayscale’s GBTC ranks second with $20.6 billion, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) takes third place, managing $18.4 billion. Other significant contributors include the Ark 21 Shares BTC ETF (ARKB) with $4.6 billion and Bitwise BITB, which has amassed $4 billion.
Bitcoin ETFs vs. Gold ETFs
Competing with Gold ETFs
The exponential growth of spot Bitcoin ETFs highlights their position as one of the most successful fund categories ever launched. Bloomberg ETF analyst Eric Balchunas noted that these funds are on the verge of overtaking Satoshi Nakamoto as the largest Bitcoin holder. Additionally, they are advancing toward surpassing gold ETFs in terms of total asset value.
This rapid adoption underscores the growing interest in Bitcoin as an investment vehicle and its increasing appeal among institutional and retail investors
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