The crypto market has witnessed a surge in the adoption of Bitcoin ETFs, with nine new spot Bitcoin ETFs amassing a staggering 100,000 BTC, equivalent to $4 billion in assets under management, within a mere seven days of trading. These groundbreaking ETFs, offered by financial heavyweights such as BlackRock, Fidelity, Bitwise, Ark 21Shares, Invesco, VanEck, Valkyrie, Franklin Templeton, and WisdomTree, have taken the crypto world by storm.

Leading the pack is BlackRock’s IBIT with an impressive 40,213 BTC in holdings, closely followed by Fidelity’s FBTC, which manages 34,152 BTC. As of Monday, the total BTC holdings across these new ETFs surged to an impressive 109,221 BTC. Notably, this doesn’t include Grayscale’s GBTC fund, which witnessed a $2.8 billion dip in assets under management during the same period. The rapid success of these Bitcoin ETFs highlights the increasing mainstream acceptance and demand for cryptocurrencies as a viable investment option.

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