Bitcoin's value is swelling in 2024, and ETFs holding the cryptocurrency are seeing a boom in assets under management.
Bitcoin exchange traded funds are now the largest holders of the flagship cryptocurrency. The 12 spot bitcoin ETFs in existence have collectively passed $100 billion in assets under management, one of the most successful ETF launches in history. The funds now own slightly more than 1.1 million bitcoin , equivalent to about 5% of all the bitcoin in existence. BTC.
"Bitcoin itself has obviously performed very well," Geraci said, noting that the crypto has more than doubled this year. "That clearly helps. There's just been a ton of coverage in this space that helps generate investor interest. So all of the ingredients have been there. It's really been a perfect recipe." Bitcoin backers' hopes for 2025 The bitcoin and ETF industry are expecting even more inflows in 2025 on two hopes.
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