Bitcoin

BlackRock&#39;s IBIT and <a href="https://optimisus.com/market/market-news/fidelitys-fbtc-sees-net-outflow-totaling-149-49-million/" rel="noopener noreferrer nofollow">Fidelity&#39;s FBTC</a> are emerging as leading Bitcoin ETFs, each surpassing $10 billion in assets under management despite recent market volatility.IBIT has shown remarkable growth, achieving $1 billion in trading volume shortly after receiving SEC approval for options trading, which is expected to attract institutional investors. In contrast, FBTC has faced challenges, including significant outflows, indicating investor uncertainty.Bloomberg&#39;s Senior ETF Analyst Eric Balchunas noted that IBIT and FBTC are among the <a href="https://optimisus.com/news/crypto-news/bitcoin-etfs-see-over-240-million-outflow-as-markets-fell-amid-irans-missile-attack-on-israel/" rel="noopener noreferrer nofollow">highest-performing ETFs</a> launched since 2020, distinguishing themselves from many others that debuted after the 2022 bear market.While IBIT has consistently attracted new investments, including over $111 million in a single day, FBTC has struggled, experiencing $144.67 million in outflows recently.Despite potential regulatory challenges for IBIT, its strong performance and appeal to institutional investors position it as a frontrunner in the Bitcoin ETF space. The market is now watching to see if FBTC can recover and compete with IBIT, but currently, IBIT is leading the way.

BlackRock’s IBIT and Fidelity’s FBTC are the top-performing Bitcoin ETFs of the decade

Optimisus

Other articles published on Oct 3, 2024

Mysterious ‘7 Siblings’ Make Waves with $66M Ethereum Buy

Bitwise Files for First-Ever XRP ETF with the SEC: What You Need to Know

Cardano Proved Timing Is Key, See Why Joining Qubetics Now Is Crucial for High ROI

SEC Files Appeal in XRP Lawsuit After Controversial Verdict

Top Memecoins PEPE, WIF, and BONK Marks Double-Digit Decline— What To Expect Next?

Bitcoin vs. Gold: BTC Loses Ground as Central Banks Drive Gold to Record Highs

Join our free newsletter for daily crypto updates!