You might be interested in: Bitcoin and Cryptocurrencies: Latest Status – January 27

Bitcoin rose by about 5% on Friday to above $42,000, according to CoinMarketCap.

Assuming there are no net outflows on Friday, the value of the 49,952 bitcoins held by the fund as of January 25 would be more than $2 billion, making BlackRock’s new ETF the first among completely new spot bitcoin exchange-traded funds to hit that threshold.

Grayscale’s spot bitcoin ETF has about $20 billion in assets under management, according to data published by a Bloomberg Intelligence analyst.

The total trading volume of spot Bitcoin ETFs has exceeded $22 billion since investors were able to begin buying and selling their funds in early January, according to Yahoo Finance data.

Volume Slows

The top three spot bitcoin ETFs by trading volume were those offered by Grayscale, BlackRock, and Fidelity, each of which has about $2 billion in assets under management. Products launched by Ark Invest and Bitwise each have more than $500 million in assets under management.

According to Yahoo Finance data, volume has slowed since the first day of trading, when the new products saw $2.3 billion in trading.

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