Summary
BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund are currently leading the race for new Bitcoin exchange-traded funds (ETFs). They have received about $1.9 billion and $1.6 billion in inflows respectively, making up approximately 70% of the total inflows for spot Bitcoin ETFs.
Key Points
1. BlackRock’s iShares Bitcoin Trust (ticker IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) are currently leading the race for new Bitcoin exchange-traded funds, with approximately $1.9 billion and $1.6 billion of inflows respectively.
2. These two funds account for around 70% of the total inflows into spot Bitcoin ETFs so far, according to the latest available data compiled by Bloomberg.
3. The competition for new assets in the Bitcoin ETF space is intensifying, as US regulators have recently opened the door for the launch of such funds.