BlackRock's Bitcoin ETF is partying like it's 2024, raking in over $37 billion in net inflows, leaving rivals like Fidelity in the dust. 🎉 Farside Investors reports that BlackRock's iShares Bitcoin Trust (IBIT) is three times more popular than Fidelity's fund. Meanwhile, BlackRock's Ether ETF is also flexing its muscles with $3.5 billion in inflows, while Fidelity trails behind.
Grayscale's Bitcoin Trust saw $20 billion in outflows, possibly due to its hefty fees. As Bitcoin ETFs dominate the market, it's clear they're the life of the crypto party this year!