BlackRock and Fidelity Bitcoin ETFs Enter List of 10 Largest Funds by Inflows

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During the month of January, two Bitcoin exchange-traded funds from BlackRock and Fidelity emerged as top performers, entering the list of the ten largest US ETFs in terms of assets. Together, they received a total of $4.8 billion in investments.

According to Morningstar, the iShares Bitcoin Trust received $2.6 billion in net inflows, making it the eighth highest-ranked fund. Fidelity’s Wise Origin Bitcoin ETF ranked tenth on the list, with $2.2 billion in inflows.

On the other hand, the Grayscale Bitcoin Trust ETF (GBTC) experienced a considerable outflow of $5.7 billion, making it the second largest net outflow in January.

Nate Geraci, the president of the investment consulting firm ETF Store, commented on the competition between BlackRock and Fidelity, stating that it is a “clear race” between the two leading companies among the nine new Bitcoin funds.

He also mentioned that the joint ETF from ARK Invest and 21 Shares, as well as the Bitwise fund, can be considered as the “solid middle class,” with assets under management expected to reach $1 billion in the near future.