According to Odaily, the total asset management size of Bitcoin Exchange Traded Funds (ETFs) has reached $53.967 billion. The data, provided by Coinglass, shows that the top three Bitcoin ETFs in terms of asset management size are GBTC, IBIT, and FBTC.
GBTC leads the pack with an asset management size of $19.373 billion. Following closely behind is IBIT, with an asset management size of $17.243 billion. FBTC rounds out the top three with an asset management size of $9.9 billion.
These figures highlight the growing interest and investment in Bitcoin ETFs. As the cryptocurrency market continues to evolve, these funds provide an opportunity for investors to gain exposure to Bitcoin without the need to directly own or manage the digital asset. This development is a significant milestone in the mainstream acceptance and institutional adoption of Bitcoin.