According to Bloomberg Senior ETF Analyst Eric Balchunas, via X, "BlackRock's IBIT and Fidelity's FBTC have cracked the top 10 list of exchange-traded funds by assets under management launched in the past decade." He added that "this is remarkable considering there are about 2,000 ETFs launched in the past decade and IBIT and FBTC have only been around since January, or just under 10 months." This is a significant milestone for the cryptocurrency industry, as it indicates that institutional investors are increasingly interested in investing in Bitcoin. The fact that these ETFs have performed so well in such a short period of time suggests that there is a strong demand for exposure to Bitcoin among investors. It is also worth noting that these ETFs are backed by some of the largest and most reputable financial institutions in the world. This gives investors confidence that these products are safe and well-managed. Overall, this is a positive development for the cryptocurrency industry and suggests that Bitcoin is becoming more mainstream.

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