In 2023, investors were very interested in Bitcoin exchange-traded funds (ETFs) after they were approved on January 10, 2024. BlackRock and Fidelity’s Bitcoin ETFs attracted a large portion of the total investment, with BlackRock contributing 26% and Fidelity 56% of the inflows.
Since January, BlackRock’s iShares Bitcoin Trust (IBIT) attracted $16.6 billion in inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) received $8.9 billion. Vanguard outpaced BlackRock, achieving $102.8 billion in total ETF inflows in 2024. BlackRock manages 429 ETFs with a total value of $2.8 trillion, while Fidelity oversees 70 ETFs valued at $74 billion. Recent trends indicate balanced Bitcoin ETF inflows and outflows, with some providers experiencing zero net flows.
Bitcoin ETFs: The Key Inflows?
Blackrock and Fidelity have witnessed the very most investments in Bitcoin ETFs. According to Eric Balchunas’s analysis, these days total investment in Bitcoin ETF is increasing 26% and 56%. From January till now, Blackrock (iShares Bitcoin Trust – IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) have collected $16.6 billion and $8.9 billion.
BlackRock and Fidelity Dominate Bitcoin ETF Market
Vanguard did not offer Bitcoin ETFs, but he did collect an investment overall of $102.8 billion in ETFs. this is more than BlackRock’s $65.1 billion. This year’s total investment received $34.7 billion in ETF for Invesco, which has come only 0.9% or $317.3 million in bitcoin ETFs.
Important information for investors
BlackRock’s IBIT ETFs have become the biggest collection of Bitcoin investments in the world, beating out Grayscale’s Bitcoin Trust (GBTC). IBIT now holds more Bitcoins (291,567) worth over $20 billion, while Grayscale has less (285,139 Bitcoins) valued at around $19.6 billion. Lately, the amount of money going into and out of Bitcoin investments seems to have evened out.
Bitcoin ETF’s Resilience: $105M Daily Inflow!
Despite Bitcoin’s recent market downturn, spot Bitcoin exchange-traded funds (ETFs) have performed remarkably well for 15 consecutive days. ETFs provide investors with exposure to Bitcoin without the need for direct management. On a single day, Fidelity’s FBTC experienced significant inflows, receiving approximately $77 million, whereas BlackRock and Grayscale ETFs did not attract any new inflows. In May, asset issuers worldwide drew in around $2 billion in investments for crypto-related products. Moreover, countries such as Hong Kong and Thailand have welcomed crypto ETFs, opening up opportunities for institutional investors.
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