🔥 BlackRock’s Bitcoin ETF tops rivals in 2024 net inflows

The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.

BlackRock’s spot Bitcoin BTC exchange-traded fund (ETF) clocked more than $37 billion in net inflows during 2024, outpacing its competitors, according to data from Farside Investors.

BlackRock’s iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted nearly $12 billion in net inflows this year, Farside said in a Dec. 31 post on the X platform.

As the world’s largest asset manager, BlackRock also led the pack among Ether ETH ETFs. The iShares Ethereum Trust (ETHA) pulled $3.5 billion in net inflows during 2024, according to Farside. 

Fidelity Ethereum Fund (FETH) again notched second place, with $1.5 billion in net inflows.

“Fidelity is a closer second here, 44% of Blackrock’s total, compared to 31% in Bitcoin,” Farside said.

Overall, United States Bitcoin ETFs saw more than $35 billion in aggregate net inflows for the year. That equates to roughly $144 million in net inflows each trading day, according to Farside.

This figure factors in more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC), which the asset manager launched in 2013, initially as a non-listed trust.

Grayscale’s GBTC charges management fees of 2.5%. In July, the asset manager listed Grayscale Bitcoin Mini Trust (BTC) as a cheaper alternative. Its management fees are 0.15% annually.

🔸 Bitcoin #ETF dominance

Bitcoin ETFs were listed in the US in January after a lengthy tussle with regulators. 

The crypto market surged following Donald Trump’s victory in the US presidential election, as many believe his win will benefit the industry.

On Nov. 21, US Bitcoin ETFs broke $100 billion in net assets for the first time, according to data from Bloomberg Intelligence.

#BTC #BlackRock⁩