Throughout 2023, the exchange rate of the main cryptocurrency continued to grow, based on expectations of approval by the U.S. Securities and Exchange Commission (SEC) of spot exchange-traded funds related to bitcoin. Bitcoin ETF trading finally began on January 11, 2024. In the first three days, transactions on these funds exceeded $10 billion. By the end of the month, the total amount of funds (AUM) managed by 11 funds that invest directly in bitcoin reached $26.322 billion.

This figure exceeded the volumes of all commodity ETFs, including oil, silver and other commodities. The total assets of BTC funds are second only to gold ($96 billion), which highlights the growing influence of bitcoin as a legitimate asset.

Among regulated investments in the main cryptocurrency, the largest part is managed by the GBTC Grayscale fund, which manages assets of $21.102 billion. This represents 80.16% of the total investment.
Grayscale is the largest investment fund specializing in digital assets. The company launched its flagship GBTC product back in 2021. Previously, the bitcoin ETF was only available to accredited investors in the United States, but after SEC approval, it became possible for ordinary users to legally invest in bitcoin.

The rest of the market participants are significantly inferior to the leader. The second place in the BTC-ETF rating is occupied by IBIT, an asset manager worth $ 1.819 billion. This represents 6.91% of the total investment.

One of the leading investment companies, BlackRock, launched its cryptocurrency product in July 2023. iShares Bitcoin Trust began trading in January 2024, immediately after SEC approval. The company has focused its advertising campaign on the baby boomer generation and is offering investors a low commission rate, starting at 0.12% in the first 12 months and increasing it to 0.25%.

FBTC ranks third in the ranking of the largest bitcoin ETFs in terms of managed funds. By the beginning of January 2024, investors had invested $1.736 billion in Fidelity's investment product, which is 6.59%.

The bitcoin spot exchange-traded fund offered by the company is characterized by a competitive commission of 0.25% and the absence of a third-party custodian. Unlike competitors, the company independently ensures the storage of client funds.

The top 5 largest BTC-ETFs in terms of managed assets also include:

ARKB from Ark 21 Shares with assets of $558.24 million (2.11%).
BITB from Bitwise with assets of $537.48 million (2.04%).