Bitcoin ETFs make 26% of BlackRock's 2024 inflows, 56% of Fidelity’s

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Inflows into BlackRock and Fidelity's spot Bitcoin ETFs account for over 26% and 56% of their total ETF flows this year, Bloomberg Intelligence data shows.

However, the impressive flows from BlackRock’s IBIT and Fidelity’s FBTC haven’t been enough to gain on the leading ETF asset manager by total flows, Vanguard.

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds have accounted for a significant share of the issuers’ total ETF inflows this year.BlackRock’s iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund have seen $16.6 billion and $8.9 billion in inflows since they launched nearly five months ago,

However, Vanguard, which does not offer any Bitcoin ETFs, is far in the lead with $102.8 billion in total ETF inflows so far in 2024, beating out BlackRock at $65.1 billion.to data from Stock Analysis. Fidelity, on the other hand, only lists 70 ETFs, combining for $74 billion in AUM. Meanwhile, Invesco has recorded $34.7 billion in ETF flows this year, though only 0.9% of the total has come from itsthe Franklin Bitcoin ETF

The Bitcoin investment products ex Grayscale are currently seeing an average of $141.7 million in inflows each trading day, made up mostly of IBIT, FBTC and to a lesser extent, the ARK 21Shares Bitcoin ETF .A BTC price breakout ‘never seen before’ — 5 things to know in Bitcoin this week

 

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