#Bitcoin ETFs surpass the most popular in the history of Wall Street
One month after their launch, 2 of these financial instruments stand out for their rapid growth in terms of capital accumulation.
Almost a month ago, spot bitcoin (BTC) ETFs were approved in the United States. Since then they have made constant progress, with two of them setting a record in capital under management in the first month of trading.
The following graph prepared by Bloomberg Intelligence and shared in the CriptoNoticias in the aforementioned period:
According to data from the BitcoinTreasuries website, the BlackRock ETF has $3.928 billion in assets (BTC) under management. For its part, the Fidelity ETF has $3.171 million in BTC in its custody.
These BTC are what give value to the funds since, as seen in the following infographic, spot ETFs must be backed by bitcoin units (this is how they differ from futures ETFs).
