Bitcoin investors have now splashed over $50B on US spot ETFs
BlackRock and Fidelity’s spot Bitcoin ETFs have led the charge, with momentum only slightly dented due to outflows from Grayscale’s Bitcoin fund.
US spot Bitcoin exchange-traded funds (ETFs) have just crossed $50 billion in net inflows, just 18 months after their inception in January 2024.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the charge with a net inflow of $53 billion, whereas the Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second highest net inflow of $12.29 billion.
Grayscale Bitcoin Trust ETF (GBTC) was the only fund to witness a net outflow, losing $23.34 billion, according to Farside Investors.