Bitcoin now has three ETFs ranked among the top 100 by AUM. The largest, IBIT, is just $15B behind GLD, the top gold ETF. This is no longer a fringe asset.

With three Bitcoin ETFs among the largest 100, it’s no surprise that ETF flows now play a central role in Bitcoin’s market dynamics. Since their launch last year, we’ve seen a strong correlation between ETF inflows and Bitcoin price action. Follow @ecoinometrics for more data-driven insights on Bitcoin and macro.