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U.S.-based spot Bitcoin exchange-traded funds (ETFs) have hit a new milestone, reaching their highest-ever total net asset value. According to SoSoValue data, the collective assets under management (AUM) across 12 ETFs have now surpassed $66.1 billion. This surpasses the previous record of $62.6 billion, set in June, and accounts for approximately 4.89% of Bitcoin’s total market capitalization.
The impressive growth is partly due to a strong inflow of over $2.1 billion, marking the fourth-best week for these ETFs in terms of new investments. Bitcoin’s price rally over the past two weeks, surging 12% since October 10, also played a significant role in boosting the value of the ETFs’ holdings. As of now, Bitcoin is trading above $68,000, inflating the value of the funds by nearly $11 billion since mid-October.
BlackRock’s IBIT ETF Leads the Pack
Among the top performers, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has led the way, adding over $3 billion in value within the same period. The continued growth of the IBIT ETF underscores the dominant position BlackRock holds in the Bitcoin ETF market.
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The cumulative inflows of Bitcoin ETFs have now crossed $20 billion, a significant benchmark in the investment world. Bloomberg senior ETF analyst Eric Balchunas noted that it took gold ETFs nearly five years to hit the same level of inflows, emphasizing the growing demand for Bitcoin-based financial products. “This kind of rapid asset accumulation is unprecedented in the ETF space,” Balchunas commented on X (formerly Twitter), highlighting Bitcoin’s increasing integration into mainstream investment portfolios.
SEC on Options Trading on Bitcoin ETFs
As institutional interest in Bitcoin ETFs continues to climb, the U.S. Securities and Exchange Commission (SEC) recently granted accelerated approval for options trading on several of these ETFs. Exchanges like the New York Stock Exchange (NYSE) and Cboe are set to introduce options trading for popular funds such as Fidelity Wise Origin, ARK21Shares, and Invesco Galaxy Bitcoin ETFs.
Though the timeline for the launch remains uncertain, this move signals a deeper involvement of traditional financial markets in the evolving world of Bitcoin investment.
