So far, the nine newly launched US spot Bitcoin exchange-traded funds (ETFs) have achieved a notable milestone, collectively accumulating over 300,000 BTC in assets under management (AUM) – a figure amounting to nearly 1% of BTC supply of 21 million – in just less than two months after their inception.

This feat underscores the growing investor interest in Bitcoin and the increasing adoption of cryptocurrency investment products in traditional financial markets.

Notably, these nine US spot BTC ETFs include BlackRock (IBIT), Fidelity (FBTC), Ark 21Shares (ARKB), Invesco (BTCO), Bitwise (BITB), Valkyrie (BRRR), Franklin Templeton (EZBC), WisdomTree (BTCW), and VanEck (HODL).

Spot Bitcoin ETFs Break New Record

According to data from K33 Research, since their debut on January 11, these nine new entrants of spot Bitcoin ETF have rapidly gained traction, attracting a total of 303,002 BTC, equivalent to $17 billion at yesterday’s closing prices.

This influx of funds highlights investors’ confidence in Bitcoin as a long-term investment asset. Leading the pack among these nine ETFs is BlackRock’s IBIT spot Bitcoin ETF, boasting over 128,615 BTC worth roughly $7.2 billion in AUM, followed closely by Fidelity’s FBTC with more than 94,455 BTC worth $5.2 billion, as reported by BitMEX Research.

Bloomberg Senior ETF Analyst Eric Balchunas commented on this historic achievement, emphasizing the growing demand for cryptocurrency investment products.

Bitcoinist

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