Summary
BlackRock’s spot bitcoin ETF has seen $710 million in net flows in its first three trading days, outpacing competitors like Fidelity and Bitwise. Fidelity came in second with net inflows of $524 million, while Bitwise and Ark Invest had net flows of $305 million and $227 million respectively. Other spot bitcoin ETFs have not yet reached $100 million in net flows. Meanwhile, Grayscale Investments’ Bitcoin Trust ETF (GBTC) continues to lose assets, with $1.2 billion in net outflows. Despite its higher fee compared to competitors, GBTC said it offers market-leading liquidity and a track record of success.
Key Points
1. BlackRock’s spot bitcoin ETF has seen net flows of $710 million in its first three trading days, surpassing rivals such as Fidelity and Bitwise.
2. Grayscale Investments’ Bitcoin Trust ETF (GBTC) continues to experience a decline in assets.
3. Fidelity comes in at the number two spot with net inflows of $524 million during the same three-day period.