BlackRock and Fidelity’s Bitcoin ETFs break into top 10 with $4.8b January inflow
BlackRock and Fidelity’s spot Bitcoin ETFs have entered the top 10 ETFs with the highest inflow s in January, amassing around $4.8 billion. The iShares Bitcoin Trust by BlackRock secured eighth place with an impressive $2.6 billion in net flows, closely followed by the Fidelity Wise Origin Bitcoin ETF, which captured tenth place with $2.2 billion, according to a Feb. 3 report from Morningstar research analyst Lan Anh Tran. This influx contrasts sharply with the Grayscale Bitcoin Trust, which experienced the second-highest outflows among ETFs, losing an estimated $5.7 billion. Nate Geraci, president of the investment advisory firm ETF Store, expressed his astonishment at these developments on X, highlighting the intense competition between BlackRock and Fidelity’s offerings. Two spot bitcoin ETFs among top 10 of *all* ETF inflow s in January… Never thought I'd see the day. via @MorningstarInc pic.twitter.com/o7L5CEu5Ef — Nate Geraci (@NateGeraci) Februar...