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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