BlackRock's Spot Bitcoin (BTC) exchange-traded fund (ETF) outperformed its competitors with more than $37 billion in net inflows in 2024, according to data from Pharcyde Investors.
BlackRock's iShares Bitcoin Trust (IBIT) has attracted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which has attracted nearly $12 billion in net inflows this year. , Farside said. said In a post on December 31st on the X platform.
BlackRock, the world's largest asset manager, is by far the leader in Ether (ETH) ETFs. According to Farside, iShares Ethereum Trust (ETHA) generated $3.5 billion in net inflows in 2024.
Fidelity Ethereum Fund (FETH) once again took second place with net inflows of $1.5 billion.
“Fidelity is a close second here, accounting for 44% of BlackRock overall, compared to 31% for Bitcoin,” Farside said.
sauce: far side investor
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Overall, U.S. Bitcoin ETFs saw net inflows totaling more than $35 billion during the year. This equates to approximately $144 million in net inflows each business day, Farside said.
This figure incorporates more than $20 billion in net outflows from the asset manager's Grayscale Bitcoin Trust (GBTC), which was originally launched as a private trust in 2013.
Grayscale's GBTC charges a 2.5% management fee. In July, the asset manager listed Grayscale Bitcoin Mini Trust (BTC) as a cheaper alternative. Management fee is 0.15% per year.
sauce: far side investor
Advantages of Bitcoin ETF
Bitcoin ETFs were listed in the U.S. in January after a long battle with regulators.
According to Cointelegraph Research, the cryptocurrency market has soared following Donald Trump's victory in the US presidential election, with many believing his victory will benefit the industry.
On November 21, the net asset value of US Bitcoin ETFs exceeded $100 billion for the first time, according to data from Bloomberg Intelligence.
Bitcoin has dominated the ETF world this year, accounting for six of the top 10 most successful launches in 2024, Nate Geraci, president of ETF Store, said in X magazine. post.
Geraci said in September that of the roughly 400 new ETFs launching in 2024, the four ETFs with the largest inflows were all spot BTC ETFs.
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