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…

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