Posted 2/12/2024, 3:41:53 PM
Bitcoin ETFs See Record $2.8B Inflows in First Month as BlackRock and Fidelity Funds Soar
- Bitcoin ETFs have attracted over $2.8 billion in net inflows in their first month, with BlackRock and Fidelity's funds leading
- The ETFs have helped push the Bitcoin price to its highest level in over 2 years
- BlackRock and Fidelity's funds have traded over $6 billion in shares each, putting them in the top 0.1% of new ETF launches historically
- Grayscale's GBTC fund has eliminated its long-standing discount since converting to an ETF structure
- Some major platforms like LPL Financial and Vanguard still don't offer the new Bitcoin ETFs, limiting wider investor access for now