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Another bitcoin ETF just joined the $1B assets club. Will it be the last?
Five US spot bitcoin ETFs now have at least $1 billion in assets, while the other half of the field currently lags behind considerably. Bitwise Asset Management’s Bitcoin ETF (BITB) this week became the fifth US spot bitcoin fund to surpass the mark. Grayscale Investments’ Bitcoin Trust ETF (GBTC) still comfortably leads the segment, with about $23.8 billion in assets under management. That number has declined, however, from the roughly $28 billion it had upon converting to an ETF on Jan. 11. GBTC has so far endured more than $6.8 billion of outflows since becoming an ETF, BitMEX Research data shows. But the ... (full story)