Bitcoin ETFs Booming With Nearly $50 Billion in Assets, Rivaling Grayscale and Fueling Crypto Growth

Bitcoin ETFs have attracted nearly $50 billion in assets under management, fueling growth in the crypto market
New Bitcoin ETFs are projected to soon overtake Grayscale's Bitcoin Trust in BTC holdings
Increasing demand for Bitcoin ETFs is contributing to Bitcoin's scarcity narrative and putting upward price pressure
Bitcoin maximalists are concerned that Bitcoin ETFs go against Bitcoin's original peer-to-peer vision and decentralization principles
Nearly 4% of Bitcoin's total supply is now wrapped up in ETFs, just 1% less than what Coinbase held last year