Bitcoin spot exchange-traded funds (ETFs) have achieved a significant milestone by surpassing a $150 billion market capitalization, with total assets under management exceeding $143.1 billion. This growth is fueled by accelerating institutional investment, with BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s FBTC, and Ark Investments’ ARKB collectively accounting for over 70% of recent inflows.
Concurrent with this institutional adoption, Bitcoin’s price recently surged past $118,600, triggering a major liquidation event that closed over $964 million in short positions across derivatives markets. The price movement reflects heightened market confidence in the leading cryptocurrency.
Ethereum spot ETFs are demonstrating parallel growth, nearing $11 billion in assets under management after surpassing the $10.6 billion threshold. ETH prices have rebounded approximately 17% weekly to around $2,944, driven by increasing institutional recognition of Ethereum’s utility in decentralized finance (DeFi), non-fungible tokens (NFTs), and ongoing scalability improvements.