Bitcoin spot ETF is not only one of the most successful products in the US ETF market, but also attracts a large amount of capital on Wall Street. Traditional financial institutions that chose to enter this product have also enjoyed the sweet fruit.
Bloomberg ETF analyst Eric Balchunas quoted data from Bloomberg Intelligence, pointing out that the net inflows of index stock ETFs of US financial giants BlackRock and Fidelity so far this year are $65.1 billion and $15 billion respectively.
Source:
Eric Balchunas
According to data from Farside Investor, in the past five months, BlackRock’s “iShares Bitcoin Trust Fund” (IBIT) and Fidelity’s “Fidelity Wise Origin Bitcoin Fund” (FBTC) have received net inflows of $16.6 billion and $8.9 billion respectively. In other words, the net inflows of Bitcoin ETFs from these two institutions account for 26% and 56% of their total managed assets inflows this year, demonstrating that the listing of Bitcoin ETFs has brought huge performance to these institutions.
However, not every Bitcoin ETF issuer has such impressive results. According to statistics, Invesco’s total ETF inflows reached $34.7 billion this year, but only 0.9% came from its Bitcoin ETF (BTCO).
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …