2024-03-03
On Feb 29, 2024, BlackRock's IBIT Spot
bitcoin ETF hit $10 billion in assets under management in just 7 weeks after it
launched and began trading.
In terms of bitcoin numbers,
BlackRock's IBIT fund has over 162,000 BTC under management, while Fidelity's
FBTC has 105,000 BTC ($6.3 billion).
There are about 150 of the 3,400 ETFs
with over $10 billion in assets under management.
Ark Invest 21's ARKB is ranked 3rd
with 34,000 BTC ($2.1 billion) in assets under management.
Meanwhile, Grayscale's GBTC fund has
seen assets under management drop 30% to just 432,000 BTC ($27 billion) from
approximately 619,000 BTC ($38 billion) since the Spot bitcoin ETF began
trading.
