As of 2026, about 25 US asset managers directly offer crypto products (ETFs, trusts, or funds). But the five largest crypto-focused asset managers now collectively oversee well over $100 billion in digital asset products. Their dominance reflects how deeply institutional capital has embedded itself into crypto through regulated ETFs. Five Firms Control Nearly $100 Billion in Bitcoin ETFs Spot Bitcoin ETFs alone surpassed $86 billion in combined assets under management as of this writing, according to Coinglass data