Bitcoin ETF AUM nears $150 billion amid treasury allocations, staking products, and new filings
Powered by ChatGPTBitcoin and crypto exchange-traded funds haven’t stayed out of the news for the past two weeks, with assets under management continuing to climb as institutional adoption broadens beyond traditional financial firms.
Spot bitcoin ETFs now manage just under $150 billion in assets, reflecting sustained institutional interest despite broader market volatility. This growth has been bolstered by corporate treasury announcements, with companies like Figmarevealing in S-1 filings that it holds $70 million in Bitcoin ETF shares and has allocated $30 million more in USDC for direct Bitcoin purchases.
The ETF landscape has expanded beyond Bitcoin, with the launch of a stakedSolana ETF on July 2, marking a significant evolution in crypto investment products. These staking-enabled ETFs represent a new category that allows investors to earn staking rewards while maintaining the regulatory framework and accessibility of traditional ETFs. The Solana ETF launch sets a precedent for other proof-of-stake assets, with Ethereum staking ETFs likely to follow as regulators become more comfortable with staking.
Corporate crypto treasury adoption is also gaining momentum, with companies experiencing strong stock price performance following the announcement of crypto allocations. This positive market reception may encourage additional corporate announcements in the coming months, potentially creating a feedback loop of adoption and market appreciation.
The pipeline of pending ETF applications signals continued product expansion, with XRP and Doge ETFs among others already filed and awaiting regulatory approval. The success of staking ETFs could accelerate approval timelines for similar products, particularly those offering yield-generating mechanisms that appeal to traditional investors seeking income-producing assets.
This is an excerpt fromThe Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.