Summary
After two months of trading, the Hashdex bitcoin ETF is converting to spot bitcoin ETFs. BlackRock’s IBIT and Fidelity’s FBTC have over $10 billion in assets under management, while WisdomTree’s BTCW is the smallest entrant with 1,126 bitcoins and almost $80 million in AUM.
Key Points
1. The Hashdex conversion occurred over two months after the original ten spot bitcoin ETFs began trading on January 11th.
2. BlackRock’s IBIT and Fidelity’s FBTC are leading in asset gathering, each managing more than $10 billion in assets under management.
3. WisdomTree’s BTCW is the smallest of the entrants, holding 1,126 bitcoins and just under $80 million in assets under management.