It’s been nearly two years since the launch of the first Bitcoin exchange-traded funds (ETFs), with 11 approved by the SEC, including those from BlackRock, Grayscale, Fidelity, Invesco, and Bitwise. These ETFs have been remarkably successful, collectively managing over $110 billion in assets, primarily driven by the iShares Bitcoin ETF (NASDAQ: IBIT). All Bitcoin ETFs invest in spot Bitcoin without any selection methodology or weighting strategy, making them structurally identical.
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