BlackRock and Fidelity Investment’s spot Bitcoin ETFs — IBIT and FBTC — have quickly become the most popular funds the two asset managers offer in less than 50 days of trading, according to data shared by Bloomberg ETF analyst Eric Balchunas.
Launched on Jan. 11, IBIT and FBTC have consistently posted record-setting numbers and outperformed the wider ETF market. This is a clear indication of Bitcoin’s growing popularity in traditional financial circles.
49-day streak
IBIT attracted more than half of BlackRock’s net inflows for the year, surpassing the capital of every other ETF offered by the company since its launch in January. Similarly, FBTC accounted for 70% of Fidelity’s YTD flows, attracting 5x more capital than any other ETF in the company’s lineup. These ETFs play a significant role in attracting investor capital.
According to Balchunas, both spot Bitcoin ETFs have secured continuous cash inflows for 49 consecutive days, placing them fourth among active streaks in the ETF market.
ETF hodlers?
Despite perceptions of ETF investors withdrawing during market downturns, recent data suggests otherwise. Keep your finger on the pulse of the ETF market for strategic investment choices during various market conditions.
