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US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders

Current Status of US Bitcoin ETFs

As of November 2024, the landscape of US Bitcoin ETFs has undergone significant transformation, particularly in terms of Assets Under Management (AUM) and regulatory status. Notable Changes in AUM

Total AUM for spot Bitcoin ETFs has surpassed $100 billion, marking a pivotal moment in the investment realm. This growth is primarily supported by consistent weekly inflows of approximately $1.7 billion. The BlackRock Bitcoin ETF has emerged as a standout, accumulating over $14 billion since its inception earlier in 2024. Overall, approximately 61.01 billion is tied to 36 Bitcoin-focused funds, contributing to the total $69.03 billion for all crypto ETFs in the US. Regulatory Updates

The recent surge in Bitcoin ETF activity has been bolstered by favorable regulatory developments. For instance, the CFTC provided approval for spot Bitcoin ETF options, which debuted on November 20, 2024, on Nasdaq, with strong trading volumes. Show Less

https://cryptoslate.com/insights/us-bitcoin-etfs-surpass-100-billion-pose-challenge-to-largest-bitcoin-holders/
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