- BlackRock’s Bitcoin ETF and Fidelity’s fund are doing really well in the US ETF market and getting a lot of money from investors.
- Even though they are new, they have risen up fast and are doing better than many older ETFs.
- Investors believe in Bitcoin and see it as a good investment.
BlackRock’s iShares Bitcoin Trust is a very popular fund in the United States and has a lot of people investing in it. The ETF and Fidelity’s Bitcoin Fund have been growing a lot and getting a lot of money invested in them since they were approved for trading.
Fast growth in the US ETF market
BlackRock’s iShares Bitcoin Trust ETF has stood out in the very competitive US ETF market. Recently, the ETF has done really well. It got more than $3. 19 billion in money coming in by February 5th.
This makes it one of the best ETF products, better than most index funds that track the S&P 500 and Vanguard’s Total Stock Market ETF.
The best Bitcoin ETF performers
Fidelity’s Bitcoin Fund is doing well and now ranks eighth among US-based ETFs with $2. 51 billion in inflows. BlackRock and Fidelity’s Bitcoin investment funds have been doing well, gaining popularity and showing that investors believe in them.
These accomplishments are impressive given the short amount of time since Bitcoin ETF products were allowed for trading on January 11th.
With the growing interest in Bitcoin ETFs, BlackRock and Fidelity’s offerings are getting a lot of money and quickly moving up in the rankings. Research from YCharts shows that BlackRock’s ETF is now ranked in the top 0. 16% of all ETF products in the US, proving that it is performing well and is popular with investors.
Balchunas sees things a little differently, but most people agree that BlackRock’s Bitcoin ETF has done very well in a short time when compared to other ETFs around the world.
Differences in the amount of money being invested in different Bitcoin ETFs
BitMEX Research data shows how the competition is changing in the Bitcoin ETF world. It shows that BlackRock and Fidelity’s ETFs are becoming more popular compared to other Bitcoin ETFs.
ARK 21Shares and Bitwise are doing really well and have a lot of money coming in, putting them in third and fourth place. However, the difference in money coming in shows that BlackRock and Fidelityâs ETFs are doing really well and are leading the market.
Change in what investors like
BlackRock and Fidelity’s Bitcoin funds are doing really well compared to Grayscale’s Bitcoin Trust. People are putting more money into them than taking money out.
Study shows that GBTC has had a big decrease in money leaving it, while other Bitcoin ETF issuers have been consistently putting more money in for the past seven days. This change shows that more people are starting to trust ETFs and it shows that the way people invest in cryptocurrency is changing.
Warning: This is not advice for trading.