Each ETF crossed $3 billion in total assets.
IBIT boasts of $3.75 billion in assets, while FBTC stands at $3.16 billion. Notably, both ETFs have reported inflows on all days since their launch.
Other spot Bitcoin ETFs that made the list are ARK 21Shares’ spot Bitcoin ETF (BATS:ARKB) and Bitwise Bitcoin Fund (NYSE:BITB), with total assets of $845.2 million and $791 million, respectively.
Read Also: Bitcoin Surges Past $45,000: 'ETFs Are Having Bitcoin For Dessert,' Says Analyst
Balchunas noted that for a newly launched ETF, it typically takes five to 10 years to surpass the previously leading ETFs in terms of liquidity. However, spot Bitcoin ETFs have done so in less than a month.
Crypto investor Fred Krueger highlighted that the nine new Bitcoin ETFs have surpassed MicroStrategy in Bitcoin holdings, indicating their growing influence in the market.
Looking ahead, the upcoming halving event in April 2024 may further contribute to the price rally, as high demand meets a supply shock.
Read Next: How Bitcoin ETFs Reshape The Investment Landscape: 'Mega-Bullish Longer Term,' Expert Tells Benzinga
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