Bitcoin ETFs Experience Unprecedented GrowthBlackRock and Fidelity

The suite of new bitcoin-backed funds has attracted $11.4 billion in capital inflows in just five weeks, with BlackRock's IBIT and Fidelity's FBTC among the fastest growing.

• Five US spot bitcoin ETFs have now surpassed $1 billion in assets, with Bitwise Asset Management’s Bitcoin ETF (BITB) being the latest to join the club.
• Grayscale Investments’ Bitcoin Trust ETF (GBTC) leads with $23.8 billion in assets, despite enduring over $6.8 billion of outflows since converting to an ETF.
• BlackRock's IBIT and Fidelity's FBTC have seen significant growth, with asset bases of about $6 billion and $4.3 billion, respectively, indicating strong investor confidence.
• Investors have seen returns of over 18% since the January 11 debut of the new ETFs, outperforming bitcoin's less than 12% gain in the same period.
• The continuous inflow streak, including a $330 million single-day inflow into BlackRock's IBIT, reflects growing mainstream interest in cryptocurrency investments.

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