The Spot Bitcoin Exchange Traded Fund (ETF) has reached an impressive benchmark of over $100 billion in net assets. According to SoSoValue data, this performance represents 5.4% of Bitcoin's total market value.
Twelve Bitcoin ETFs launched by prominent issuers such as BlackRock and Fidelity have reached this milestone just 10 months after their debut in January. Leading the pack is BlackRock's iShares Bitcoin Trust (IBIT), which manages $45.4 billion in assets.
Grayscale's GBTC came in second place with $20.6 billion, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) in third place with $18.4 billion. Other notable contributors include Ark 21 Shares BTC ETF (ARKB) with $4.6 billion and Bitwise BITB with $4 billion.
Spot Bitcoin ETFs are experiencing rapid growth, making them one of the most successful fund categories of all time. Bloomberg ETF analyst Eric Balkunas said the numbers put the fund on track to surpass gold ETFs in asset value, while also pushing it to the point of overtaking Satoshi Nakamoto as the largest Bitcoin holder. He said it shows that it is coming.
