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The research arm of crypto derivatives firm BitMEX published a blog post last week showing that there are around 160 crypto-related exchange-traded products (ETPs) worldwide, with over $50 billion in assets under management.

These ETPs provide exposure to several tokens, including Bitcoin, Ethereum, Solana, Cardano, Ripple, Avalanche, and Arbitrum, among others.

Grayscale’s Bitcoin Trust (GBTC) claims the top spot on the list. Grayscale’s proposal to convert this product into a spot ETF is under review by the SEC. Joining Grayscale’s ETF are over a dozen other funds from prominent providers like ProShares, 21 Shares, Wisdomtree, VanEck, Fidelity, and Bitwise.

Last month, Bitcoin ETP investments hit a record high of $7.4 billion, per K33 Research. With this list, market analysts anticipate that the potential approval of a spot Bitcoin ETF could multiply institutional inflows into crypto.

In recent months, numerous projections have indicated significant market demand for the spot Bitcoin product. Galaxy forecasts an influx of $14.4 billion within its first year. Glassnode Go to Source to See Full Article
Author: Editorial Team

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