Bitcoin ETF

Bitcoin

BlackRock

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 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.
 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.
 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.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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). $IBIT and $FBTC in league of own w/ over $3b each and they still have two days to go. $ARKB and $BITB also made list. pic.twitter.com/Yyi1nxukUk
 — Eric Balchunas (@EricBalchunas) February 8, 2024
 </blockquote>
 
 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.
 “IBTC and FBTC are in a league of their own,” he added.
 <h2 id="other-spot-bitcoin-etfs-are-performing-well">Other Spot Bitcoin ETFs Are Performing Well</h2>
 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.
 The President of ETF Store, Nate Geraci, says these numbers dispel the notion that there will be no demand.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 “There won’t be any demand.”
 Spot bitcoin ETFs now represent *4* of top 25 ETF launches after 1mo on market in 30+yr industry history.
 IBIT &amp; FBTC now #1 &amp; #2 overall. https://t.co/Z6yrbgWRGk
 — Nate Geraci (@NateGeraci) February 8, 2024
 </blockquote>
 
 <h2 id="also-read">Also Read</h2>
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 <li>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</li>
 <li>Cathie Wood’s ARK Invest And 21Shares Amend Ethereum ETF Filing To Make It Cash Only</li>
 <li>How to Buy Bitcoin Online Safely</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-and-fidelity-spot-bitcoin-etfs-gather-more-assets-in-first-month-than-any-other-us-etf-in-30-years-tbt79417.html">https://thebittimes.com/blackrock-and-fidelity-spot-bitcoin-etfs-gather-more-assets-in-first-month-than-any-other-us-etf-in-30-years-tbt79417.html</a>
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Blackrock And Fidelity Spot Bitcoin ETFs Gather More Assets In First Month Than Any Other US ETF In 30 Years

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TheBitTimes

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