With the Bitcoin halving fast approaching and despite constant outflows from GBTC, it’s pretty wild that $IBIT now accounts for over half of BlackRock’s net flows YTD, doubling any of their other 420 ETFs. Similarly, $FBTC is making a big impact within Fidelity, representing 70% of their YTD flows, which is 5 times more than any other of their ETFs.
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