Cryptocurrencies
Fidelity and BlackRock Are Dominating the Bitcoin-ETF Flow Race
- IBIT and FBTC account for 70% of spot Bitcoin ETF flows so far
- Liquidity, name recognition adding to the early lead: VettaFi
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Less than two weeks after US regulators fired the starting gun for ten spot Bitcoin exchange-traded funds, it’s increasingly looking like a two-horse race for new assets.
BlackRock’s iShares Bitcoin Trust (ticker IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) are leading the field with about $1.9 billion and $1.6 billion of inflows, respectively, according the latest available data compiled by Bloomberg. That’s roughly a combined 70% of spot Bitcoin ETF inflows so far.