BlackRock and Fidelity Bitcoin ETFs Made it to Top 10 in Terms of Flows Last Month
According to a recent report from Morningstar, the Bitcoin exchange-traded funds (ETFs) offered by BlackRock and Fidelity have seen significant inflows in January, collectively totaling around $4.8 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) ranked eighth with net flows of $2.6 billion, while the Fidelity Wise Origin Bitcoin ETF (FBTC) came in at tenth place with net flows of $2.2 billion.
This data, approximated from the issuers’ websites by Morningstar research analyst Lan Anh Tran, shows that these two ETFs have been among the most popular choices for investors in the new year.
Interestingly, the data also revealed that the Grayscale Bitcoin Trust (GBTC) had the second highest outflows among ETFs in January, with an estimated $5.7 billion exiting the fund.
This shift in popularity was noted by Nate Geraci, president of investment advisory firm ETF Store, who expressed surprise in an X post sharing the data.
