Bitcoin spot ETF is not only one of the most successful products in the US ETF market, but also attracting a large amount of capital on Wall Street, with traditional financial institutions that initially chose to enter the product also enjoying the sweet fruits.
Bloomberg ETF analyst Eric Balchunas quoted data from Bloomberg Intelligence to point out that the net inflows of index stock ETFs from 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 seen inflows of $16.6 billion and $8.9 billion respectively. In other words, the net inflows of these two institutions’ Bitcoin ETFs accounted for 26% and 56% of their total asset inflows this year, indicating that the listing of Bitcoin ETFs has brought significant performance to these institutions.
However, not every Bitcoin ETF issuer has such impressive results. According to statistics, Invesco’s total ETF inflows this year reached $34.7 billion, but only 0.9% of it came from its Bitcoin ETF (BTCO).