U.S. spot Bitcoin exchange-traded funds have moved back above the $100 billion mark in total net assets, according to data cited by BlockBeats from Coinglass on Sept. 22. The figure was reported at $103 billion.
The move came as Bitcoin continued to rise and spot ETF products recorded inflows. Those two factors pushed the combined net asset value of U.S. spot Bitcoin ETFs back over the threshold after previously falling below it.
The update was limited to the latest asset figure and the drivers cited in the data snapshot. No additional breakdown by issuer or fund was provided in the source material.
U.S. spot Bitcoin exchange-traded funds have returned above $100 billion in total net assets, according to Coinglass data cited by BlockBeats on Sept. 22.
The combined net asset value was reported at $103 billion. BlockBeats said the rebound came as Bitcoin kept rising and spot ETF products saw inflows.
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