Fidelity FBTC Rises to Become the Third Largest Bitcoin ETF Worldwide in Asset Management

The Fidelity Bitcoin Spot ETF (FBTC) has ascended to become the world's third-largest Bitcoin ETF in terms of assets under management (AUM). This news comes courtesy of Vetle Lunde, senior analyst at K33 Research, whose post on the X platform paints a comprehensive picture of the state of Bitcoin spot ETFs in the United States. Currently, nine newly launched Bitcoin spot ETFs in the US collectively hold a total of 140,490 BTC. Contrasting with this, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of 122,580 BTC during the same period. Consequently, the US Bitcoin spot ETF has netted an increase of 17,910 BTC since it began operations.