Summary: The launch of spot bitcoin exchange-traded funds (ETFs) in the U.S. has been successful, with the funds collectively holding over a million bitcoins. Blackrock, Grayscale, and Fidelity dominate the market, with Blackrock alone holding 48.82% of the total BTC. Smaller players in the space may face consolidation as the dominant funds continue to establish their dominance. The significant holdings of these ETFs have the potential to influence future market dynamics and institutional adoption of Bitcoin.



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