Top US ETFs, Blackrock and Fidelity, See Record Asset Growth for Bitcoin ETFs in First Month

Insa Monroe

Top US ETFs, Blackrock and Fidelity, See Record Asset Growth for Bitcoin ETFs in First Month

Feb 9, 2024 5:16 PM

BlackRock and Fidelity Bitcoin ETFs Gain $3 Billion in Assets

BlackRock iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) have both gathered over $3 billion in assets, surpassing nearly 5,535 ETFs launched in the past 30 years.

Bloomberg ETF analyst, Eric Balchunas stated that IBIT and FBTC would still rank among the top 0.1% of ETFs in the US, even when adjusted for inflation.

Top Performing Spot Bitcoin ETFs

The ARK 21Shares and Bitwise Bitcoin Fund also rank among the top 25 BTC ETFs by assets. The ProShares Bitcoin Strategy ETF, a spot Bitcoin futures product, ranked in seventh place.

President of ETF Store, Nate Geraci, says these numbers prove that there is indeed demand for spot Bitcoin ETFs.

Hot Take

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The debut of BlackRock and Fidelity Bitcoin ETFs has been a game-changer, gaining over $3 billion in assets in their first month, setting a new standard for ETF launches.

Insa Monroe

Author – Contributor at Lolacoin.org | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.