Bitcoin spot exchange-traded funds (ETFs) have surpassed a significant milestone, reaching $100 billion in net assets. This achievement represents 5.4% of Bitcoin’s total market value and has been accomplished in just 10 months since the debut of 12 Bitcoin ETFs in January. BlackRock’s iShares Bitcoin Trust leads the pack, managing $45.4 billion in assets.
Grayscale’s GBTC takes the second spot with $20.6 billion, and Fidelity’s Wise Origin Bitcoin Fund follows in third with $18.4 billion. Experts believe that spot Bitcoin ETFs could soon overtake Satoshi Nakamoto as the largest Bitcoin holder and eventually surpass gold ETFs in asset value.
