Spot Bitcoin ETFs Surpass $103 Billion in Net Assets

Net assets held by spot bitcoin exchange-traded funds exceeded $103 billion for the first time, according to CoinDesk. BlackRock’s IBIT represented well over half of the total, underscoring its dominant share of assets among the funds. The milestone comes as bitcoin remained steady around $81,000 ahead of the release of U.S. jobs data. Spot bitcoin ETFs provide market exposure through regulated investment products, while their combined asset totals can offer an indication of investor participation in the bitcoin market. The latest figure marks a new high for the group of products, with IBIT accounting for the majority of the reported assets. Bitcoin is the primary asset affected by the development.