Spot Bitcoin ETFs Reach $112B, Ripple CEO Says ‘Told You So’

The success of spot BTC ETFs should shut down Bitcoin critics, said Ripple CEO. Garlinghouse said that US spot BTC ETFs raked in more assets faster than any ETF. US Spot BTC ETFs have total net assets worth $112.74 billion. Brad Garlinghouse, CEO of Ripple, emphasized the remarkable success of U.S. spot Bitcoin exchange-traded funds (ETFs), describing them as the most successful ETFs in the nation’s history. He criticized skeptics who doubted the potential of digital assets. Meanwhile, Bitcoin’s price dipped below the $100,000 mark in the past 24 hours. In a 60 Minutes interview , Garlinghouse noted that spot Bitcoin ETFs accumulated assets faster than any previous ETF in the U.S. Garlinghouse addressed long-standing skepticism toward blockchain technology, saying it is common for new industries to face doubt. However, the rapid success of spot Bitcoin ETFs shows cryptocurrencies are more than a passing trend. Spot Bitcoin ETFs Draw Billions, Backed by BlackRock’s Big Moves Data from SoSoValue reveals that on December 6, spot Bitcoin ETFs raked in $376.59 million, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for $257 million. Since their ap… The post Spot Bitcoin ETFs Reach $112B, Ripple CEO Says ‘Told You So’ appeared first on Coin Edition .

Source: Coin Edition