US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Spot Bitcoin exchange-traded funds (ETFs) have reached an impressive benchmark, crossing $100 billion in net assets. According to SoSoValue data, this achievement represents 5.4% of Bitcoin’s total market value.
The 12 Bitcoin ETFs, launched by prominent issuers such as BlackRock and Fidelity, have reached this milestone in just 10 months since their debut in January. Leading the pack is BlackRock’s iShares Bitcoin Trust (IBIT), which manages $45.4 billion in assets.
Grayscale’s GBTC takes the second spot with $20.6 billion, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows in third with $18.4 billion. Other notable contributors include the Ark 21 Shares BTC ETF (ARKB) at $4.6 billion and Bitwise BITB at $4 billion.
The rapid growth of spot Bitcoin ETFs makes them one of the most successful fund categories to date. Bloomberg ETF analyst Eric Balhcunas stated that the numbers show that the funds are close to overtaking Satoshi Nakamoto as the largest Bitcoin holder while advancing steadily toward surpassing gold ETFs in asset value.
Analyst 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Eric Balchunas is an American author, ETF analyst, and Senior ETF Analyst at Bloomberg Intelligence.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
Ark Invest
ARK Investment Management LLC (ARK Invest) holds a precision lens on thematic investing.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
Bitwise
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of rules-based exposure to the cryptoasset space..
