Bitcoin ETF

Bitcoin

BlackRock

<p>The spot Bitcoin ETF (exchange-traded fund) products offered by BlackRock and Fidelity have garnered more assets during their first month of trading than any other ETF launched in the US in the last three decades.</p>
<p>The BlackRock iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) have each amassed over $3 billion in assets, the only ETFs to pass that milestone in their first month out of more than 5,535 other ETFs.</p>
<p>The assets generated by the two ETF products within the first month of trading surpassed those of more than 5,500 ETFs launched in the last 30 years.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Here's a look at the Top 25 ETFs by assets after 1 month on the market (out of 5,535 total launches in 30yrs). <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> and <a href="https://twitter.com/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FBTC</a> in league of own w/ over $3b each and they still have two days to go. <a href="https://twitter.com/search?q=%24ARKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ARKB</a> and <a href="https://twitter.com/search?q=%24BITB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BITB</a> also made list. <a href="https://t.co/Yyi1nxukUk" rel="noopener noreferrer nofollow">pic.twitter.com/Yyi1nxukUk</a></p>
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1755702963778023718?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 8, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Bloomberg ETF analyst, Eric Balchunas, said that even with inflation adjusted over the years, IBIT and FBTC would still rank among the top 0.1% of ETFs in the US.</p>
<p>“IBTC and FBTC are in a league of their own,” he added.</p>
<h2 id="other-spot-bitcoin-etfs-are-performing-well">Other Spot Bitcoin ETFs Are Performing Well</h2>
<p>IBIT and FBTC are not the only top-performing BTC ETFs. The ARK 21Shares and the Bitwise Bitcoin Fund are also among the top 25 BTC ETFs by assets. The ProShares Bitcoin Strategy ETF, a spot Bitcoin futures product, ranked in seventh place.</p>
<p>The President of ETF Store, Nate Geraci, <a href="https://twitter.com/NateGeraci/status/1755712970439446813" target="_blank" rel="noopener noreferrer nofollow">says</a> these numbers dispel the notion that there will be no demand.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">“There won’t be any demand.”</p>
 <p>Spot bitcoin ETFs now represent *4* of top 25 ETF launches after 1mo on market in 30+yr industry history.</p>
 <p>IBIT &amp; FBTC now #1 &amp; #2 overall. <a href="https://t.co/Z6yrbgWRGk" rel="noopener noreferrer nofollow">https://t.co/Z6yrbgWRGk</a></p>
 <p>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1755712970439446813?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 8, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="also-read">Also Read</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-blackrock-and-fidelity-bitcoin-etfs-have-best-debut-month-of-any-etf-in-30-years-as-experts-say-this-bitcoin-derivative-may-10x" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: BlackRock And Fidelity Bitcoin ETFs Have Best Debut Month Of Any ETF In 30 Years As Experts Say This Bitcoin Derivative May 10X</a></li>
 <li><a href="https://insidebitcoins.com/news/cathie-woods-ark-invest-and-21shares-amend-ethereum-etf-filing-to-make-it-cash-only" rel="noopener noreferrer nofollow">Cathie Wood’s ARK Invest And 21Shares Amend Ethereum ETF Filing To Make It Cash Only</a></li>
 <li><p class="page-title"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin" rel="noopener noreferrer nofollow">How to Buy Bitcoin Online Safely</a></p></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 50% APY</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Blackrock And Fidelity Spot Bitcoin ETFs Gather More Assets In First Month Than Any Other US ETF In 30 Years

Table of Contents

Inside Bitcoins

Other articles published on Feb 9, 2024

OpenAI’s Sam Altman Shifts Focus To AI Chips, Will It Boost The Crypto Market?

AGIX Ecosystem Health Report

Grayscale Bears Resurfaces as GBTC Suffers Unusual Outflow

Stablecoins vs. Flatcoins: Which One Is Better?

US Treasury: Cash Still Leads in Money Laundering Over Crypto

AVAX Eyes a Return Above $40: Is the Token Undervalued?

Join our free newsletter for daily crypto updates!