Posted 1/18/2024, 3:33:21 PM
BlackRock and Fidelity Bitcoin ETFs Hit Milestones as Investors Flock to New Offerings
- BlackRock's Bitcoin ETF passed $1 billion in inflows, the first to hit this milestone
- Fidelity's Bitcoin ETF saw $358 million in inflows on Wednesday, now totaling $880 million
- BlackRock and Fidelity have received 68% of all inflows to the new Bitcoin ETFs
- Inflows are coming from investors leaving Grayscale's GBTC fund after SEC approved ETFs
- BlackRock is seeing interest from retail investors but wants to attract those new to crypto