#Fidelity Unexpectedly Outperforms BlackRock in Bitcoin ETF Mania

BlackRock Bitcoin ETF IBIT sees sudden competition as Fidelity's FBTC dethrones it in 24-hours inflows with $172.99 million figure.

Highlights

Fidelity's Bitcoin ETF ouptaces BlackRock's IBIT in daily inflows on June 9

Fidelity recorded a $172.99 million inflow, while BlackRock came second with $120.93 in daily inflows to Bitcoin ETFs

Meanwhile, the price of Bitcoin continues to march towards its all-time high at $112,000 with BTC now quoting shortly behind $110,000

Fidelity has unexpectedly topped BlackRock in the daily inflows for the first time in a long while. BlackRock’s Bitcoin ETF usually leads the way in this metric, recording millions of dollars in inflows.