BlackRock and Fidelity’s Bitcoin exchange-traded funds (ETFs) have contributed significantly to their overall ETF inflows this year, constituting 26% and 56% of their respective year-to-date inflows.
Since their launch around five months ago, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) have attracted $16.6 billion and $8.9 billion in inflows.
Despite this, Vanguard leads the pack with $102.8 billion in total ETF inflows for 2024, surpassing BlackRock’s $65.1 billion.
BlackRock manages 429 ETFs with $2.8 trillion in assets, while Fidelity oversees 70 ETFs totaling $74 billion in assets. Invesco has recorded $34.7 billion in ETF flows this year, with its Bitcoin ETF contributing only 0.9% of the total.
Recently, BlackRock’s IBIT became the largest spot Bitcoin ETF globally, surpassing the Grayscale Bitcoin Trust (GBTC). However, Bitcoin ETF flows have stabilized, with several issuers reporting days of zero inflows or outflows in recent weeks.
June 2024, Cryptoniteuae
