BlackRock and Fidelity Bitcoin ETFs Rank in Top 10 January Inflows
BlackRock and Fidelity’s Bitcoin exchange-traded funds (ETFs) have seen significant inflows in January, totaling around $4.8 million. BlackRock’s iShares Bitcoin Trust (IBIT) ranked eighth with estimated net flows of $2.6 billion, while Fidelity’s Wise Origin Bitcoin ETF (FBTC) ranked tenth with $2.2 billion in net flows. The Grayscale Bitcoin Trust (GBTC) experienced the second highest outflows among ETFs in January, with an estimated $5.7 billion leaving the fund over the month.
Nate Geraci, the president of investment advisory firm ETF Store, expressed surprise at the success of BlackRock and Fidelity’s funds. He noted that these two ETFs are dominating the competition and predicted that other funds from ARK Invest and Bitwise would soon reach $1 billion in assets.
Data from BitMEX Research shows that U.S. spot Bitcoin ETFs have experienced six consecutive days of net positive inflows, with BlackRock and Fidelity’s funds leading the way. In contrast, Grayscale’s outflows have slowed down.
Eric Balchunas, a senior ETF analyst at Bloomberg, commented on the resilience of the nine ETFs (excluding GBTC) after a dip in outflows. He noted that it is uncommon for ETFs to rebound after a hyped launch, but the continued inflows during their third week of trading indicate their staying power.
The success of BlackRock and Fidelity’s Bitcoin ETFs, along with the growing interest in the cryptocurrency market, signals a positive trend for the industry. Investors are increasingly turning to these ETFs as a way to gain exposure to Bitcoin.
4 thoughts on “BlackRock and Fidelity Bitcoin ETFs Rank in Top 10 January Inflows”
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I’m so impressed by the enthusiastic response to these ETFs. It’s a clear indication that investors are eager to explore the world of cryptocurrencies and Bitcoin.
The growing interest in BlackRock and Fidelity’s Bitcoin ETFs is a clear signal that cryptocurrencies are becoming more established in the investment landscape.
I’m not buying into this hype around Bitcoin ETFs. I think investors are just chasing profits without fully understanding the risks involved.
Wow, this article is mind-blowing! It’s incredible to see the significant inflows in Bitcoin ETFs from BlackRock and Fidelity. This just shows how much trust investors have in these companies and their ability to navigate the cryptocurrency market.