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BlackRock and Fidelity Bitcoin ETFs Enter Top 100 with $110B Assets

Data from Farside Investors reveals contrasting trends among US Bitcoin ETFs, with BlackRock’s IBIT showing strong inflows while Fidelity’s FBTC records significant outflows.

BTC

Summary

On September 18, Farside Investors reported that US spot Bitcoin ETFs experienced a net outflow of $51.3 million. While BlackRock’s iShares Bitcoin Trust (IBIT) saw a positive net inflow of $149.7 million, Fidelity’s Wise Origin Bitcoin Fund (FBTC) faced a larger net outflow of $116 million, signaling mixed sentiment in the market.

Terms & Concepts
  • Bitcoin ETF: An exchange-traded fund that tracks Bitcoin’s price, enabling investors to gain exposure without directly owning the cryptocurrency.
  • Net Inflow: The total amount of capital that flows into an investment vehicle, exceeding the capital that exits or is withdrawn.
  • Net Outflow: The total amount of capital that exits or is withdrawn from an investment vehicle, exceeding the capital that flows in.