One year ago, the Securities and Exchange Commission (SEC) approved spot Bitcoin (BTC) exchange-traded funds (ETFs), marking a transformative moment for the cryptocurrency industry. By the end of 2024, Bitcoin ETFs reached a total of $105.4 billion in net assets, a 262% increase from the $29.38 billion recorded in their debut month. The single largest inflows occurred on Nov. 7, 2024, with investments totaling $1.38 billion. Leading the inflows were BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC funds, which currently hold $52 billion, $19.32 billion, and $19.19 billion in net assets, respectively, according to SoSoValue . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
