US spot Bitcoin exchange-traded funds (ETFs) have attained a significant milestone, surpassing $100 billion in total assets. This growth has occurred just ten months after their initial launch in January. It represents one of the quickest fund category launches in investment history, signifying substantial interest and confidence in Bitcoin as an asset.

A total of twelve spot Bitcoin ETFs are involved in this remarkable growth journey, including well-known financial institutions such as BlackRock Inc. and Fidelity Investments. The combined power and influence of these institutions have contributed to the success and rapid acceptance of Bitcoin ETFs.

The increase in total assets reflects broader market dynamics, where Bitcoin itself is approaching the landmark price of $100,000, further validating the interest and commitment from global investors. This financial milestone underscores the growing institutional backing of cryptocurrencies.