Bitcoin

<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0904a68417e3486abf134f91b4e491cd.png" /><p></p><p><em>Since inception, the spot Bitcoin ETF offering from the duo of BlackRock and Fidelity Investments have stacked up 79% of total inflow</em></p><h2 id="header-2">STORY HIGHLIGHTS</h2><ul><li><strong>Spot Bitcoin ETF inflows from BlackRock and Fidelity has topped 79% of total</strong></li><li><strong>The spot Bitcoin ETF market hype has driven the price of BTC upward</strong></li><li><strong>Competition among issuers have triggered unique fee slash</strong></li></ul><p>Bitcoin price is going over the roof, with its growth triggered by the likes of BlackRock and Fidelity Investment, both of whom are currently leading other spot Bitcoin ETF issuers in terms of inflows.</p><h2 id="header-3">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><h2 id="header-4"><strong>BlackRock and Fidelity Inflows Soars</strong></h2><p>BlackRock Inc’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) have outperformed their counterparts in the spot Bitcoin ETF market. Both investment asset management firms collectively grabbed 79% of the entire inflow registered in the spot Bitcoin ETF ecosystem since inception.</p><p>Since January when the United States Securities and Exchange Commission (SEC) approved the offering, BlackRock’s IBIT alone has captured inflows of a total of approximately $7.8 billion. It is followed closely by Fidelity’s FBTC with $4.8 billion in inflows.</p><p>The other seven spot ETF issuers from the “Newborn Nine” as they are referred to, have registered only $3.4 billion, less than 50% of Blackrock’s inflows.</p><h2 id="header-5"><strong>Slashing Spot Bitcoin ETF Fees to Gain Market Shares</strong></h2><p>A few of these spot Bitcoin ETF issuers have made some changes including cutting down on sponsor fees, enhancing their products, and facilitating adoption. They are looking at gaining a large percentage of the market by slashing their fees below those of the two market leaders, BlackRock and Fidelity.</p><h2 id="header-6">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p>Last month, VanEck submitted a filing with the United States SEC detailing its intention to reduce the sponsor fee for its spot Bitcoin ETF by 5 bps. This meant that the spot Bitcoin ETF issuer aimed to move from a 0.25% sponsor fee to 0.20%. Similarly, Valkyrie Investment moved to halve its fee to 0.25% from 0.49%.</p><p>Even Grayscale, whose CEO Michael Sonnenshein had once boasted about its high 1.5% sponsor fee, is considering lowering its fees after it experienced more than $7 billion in outflows. Currently, Franklin Templeton’s EZBC has the lowest sponsor fee but this has not done so much to drive attention towards it. So far, Bitwise seems to be the only spot Bitcoin ETF issuer that has made no adjustments to its fees as it remains at 0.20%.</p><p>BlackRock and Fidelity’s inflow jamboree has probably contributed to the progressive rally of Bitcoin price. The coin has surpassed $63,000 and is still signaling a bullish sentiment. At the time of this writing, Bitcoin was trading at $62,156.93, up 0.63% in the past 24 hours.</p><p>While there are projections that more rallies are in view, investors might possibly force a correction due to profit taking in the short term.</p><h2 id="header-7">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt;<a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow"> CryptosHeadlinesToken.com</a></h2><p>#Bitcoin  #Altcoin  #Cryptocurrency #Bitcoinetf #ETF $BTC $ETH</p>

Spot Bitcoin ETFs: How BlackRock and Fidelity Gobbled Up 79% on Inflows

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