BlackRock and Fidelity's spot Bitcoin ETFs have been the leaders in terms of inflows in January, with a combined total of approximately $4.8 billion.
According to Morningstar's Lan Anh Tran, BlackRock's iShares Bitcoin Trust (IBIT) ranked eighth with estimated net flows of $2.6 billion, while Fidelity's Wise Origin Bitcoin ETF (FBTC) ranked 10th with $2.2 billion in net flows.
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However, the Grayscale Bitcoin Trust (GBTC) had the second largest outflows among all ETFs, with a total of $5.7 billion in January.
Nate Geraci, president of investment advisory firm ETF Store, has shared this data and expressed surprise the day of Bitcoin ETFs leading inflows has arrived.
In another post, Geraci has pointed out that BlackRock and Fidelity are leading the competition among the nine new bitcoin funds.