Cryptoverse: Bitcoin ETFs take $50 bn baby steps toward bigger milestone

Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years.

As of late August this year, about eight months after their debut, the 10 new funds approved by US regulators collectively boasted more than $52 billion, according to data from TrackInsight.