Story perspectives

Spot Bitcoin ETFs Hit $135 Billion Amid Investor Demand

4/7/2026

Summary

Story summary

Spot Bitcoin ETFs hold nearly $135 billion in assets, signaling strong investor demand in traditional brokerages.
Investors do not own the underlying Bitcoin.
Investors cannot redeem shares for physical coins.
The funds are classified as commodity trusts, and BlackRock, Inc. and Fidelity Investments compete for market share with Coinbase custody raising centralization concerns.
They lack mutual fund protections and trade only during stock market hours.

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Story summary

Spot Bitcoin ETFs hold nearly $135 billion in assets, signaling strong investor demand in traditional brokerages.
Investors do not own the underlying Bitcoin.
Investors cannot redeem shares for physical coins.
The funds are classified as commodity trusts, and BlackRock, Inc. and Fidelity Investments compete for market share with Coinbase custody raising centralization concerns.
They lack mutual fund protections and trade only during stock market hours.