bitcoin etf with highest aum

The Grayscale Bitcoin Trust (GBTC), launched in 2013 and the oldest bitcoin ETF, holds the most assets under management at $13.3 billion.

Oct 23, 2024 at 10:48 pm

Top Bitcoin ETFs by Assets Under Management (AUM)

1. Grayscale Bitcoin Trust (GBTC): $13.3 billion AUM

• Launched in 2013, GBTC is the oldest and largest bitcoin ETF, providing accredited investors with exposure to bitcoin.

2. Purpose Bitcoin ETF (BTCC.U): $1.6 billion AUM

• Listed on the Toronto Stock Exchange in 2021, BTCC is the first physically-backed bitcoin ETF in North America.

3. Valkyrie Bitcoin Strategy ETF (BTF): $1.4 billion AUM

• Launched in September 2021, BTF provides investors with exposure to bitcoin through a combination of futures contracts and bitcoin spot purchases.

4. ProShares Bitcoin Strategy ETF (BITO): $1.2 billion AUM

• Launched in October 2021, BITO was the first bitcoin ETF to be approved by the U.S. Securities and Exchange Commission (SEC).

5. VanEck Bitcoin Strategy ETF (XBTF): $827 million AUM

• Also launched in October 2021, XBTF offers investors access to bitcoin through a structure that is intended to reduce the risks associated with investing in cryptocurrency directly.

Additional Details:

• As of March 8, 2023, the combined AUM of the top 5 bitcoin ETFs составляет составляет $18.3 billion, representing a significant portion of the institutional investment in bitcoin.
• These ETFs offer investors a more convenient and regulated way to gain exposure to bitcoin, without the need to create a cryptocurrency wallet or hold the asset directly.
• The AUM of these ETFs fluctuates significantly with the price of bitcoin, as their value is directly tied to the underlying asset.