"Bitcoin ETF Mania: BlackRock and Fidelity Lead Inflows as Cryptocurrency Surges"
TL;DR Summary
BlackRock and Fidelity have captured 79% of inflows into new Bitcoin ETFs, with BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund leading the pack. Other funds have responded by cutting fees to compete. Grayscale's Bitcoin trust, which converted to an ETF, has seen significant outflows. BlackRock appears to be pulling ahead of Fidelity in dominating the sector, with its IBIT fund winning a record $612 million of new investment in a single day.
- Bitcoin ETF mania is boosting BlackRock and Fidelity, which together have captured 79% of inflows into ‘Newborn Nine’ Fortune
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- The Surge in Bitcoin ETFs and Its Potential Impact on Gold U.S. Global Investors
- Bitcoin ETFs now hold nearly 4% of all bitcoin — and they're not slowing down Blockworks
- Bitcoin ETF Boom Is the Cryptocurrency's 'IPO Moment': Fund Provider Markets Insider
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