Spot Bitcoin ETF Surpasses Mainstream Competitors
The latest data reveals that spot Bitcoin ETFs in the United States are outperforming other types of ETFs in terms of inflows. At the end of last week, these Bitcoin ETFs recorded approximately $2.3 billion in inflows, bringing the total net inflows to over $5 billion.
While BlackRock’s IBIT and Fidelity’s FBTC saw significant inflows, it is BlackRock that is leading the pack with its spot BTC ETF. On February 16, IBIT had a total net inflow of $331 million, propelling it to rank among the top 7% of all ETFs by market capitalization.
BlackRock and Fidelity Dominate the Market
The spot Bitcoin ETF market is steadily growing, with four issuers already surpassing $1 billion in net inflows. BlackRock was the first to reach this milestone shortly after SEC approval, followed by Fidelity. ARK Invest and 21Shares also joined the list with an AUM of $1 billion, and Bitwise is the latest addition.
BlackRock and Fidelity have established their positions as key players in the spot Bitcoin ETF ecosystem due to their significant inflows. In contrast, Grayscale has been experiencing massive outflows and is considering reducing its Bitcoin exposure by selling 2,555 BTC valued at around $133 million. Meanwhile, BlackRock and Fidelity are actively seeking ways to increase their BTC exposure.
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