This makes BlackRock's fund the 34th largest ETF in the world, including both cryptocurrencies and traditional financial products, according to data from ETF Database.

Bitcoin ETFs have been an important part of Bitcoin's rise towards the milestone of USD 100,000. U.S. spot ETFs accounted for about 75% of new investments in Bitcoin, pushing its price beyond the USD 50,000 mark by February 15, 2024.