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BlackRock and Fidelity’s spot Bitcoin ETFs have led the charge, with momentum only slightly dented due to outflows from Grayscale's Bitcoin fund.
US spot Bitcoin exchange-traded funds (ETFs) have just crossed $50 billion in net inflows, just 18 months after their inception in January 2024.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the charge with a net inflow of $53 billion, whereas the Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second highest net inflow of $12.29 billion.
Grayscale Bitcoin Trust ETF (GBTC) was the only fund to witness a net outflow, losing $23.34 billion, according to Farside Investors.
Bitcoin ETFs surpass $50 billion in net inflows, with IBIT and FBTC witnessing the highest net inflows. Source: Farside Investors
This year, overall digital asset products have attracted a net inflow of $18.96 billion, with Bitcoin accounting for nearly 83% of the total inflows, while Ethereum accounted for 16% of the total inflows, according to CoinShares
