Bitcoin ETF Battle: BlackRock, Fidelity Surpass Vanguard, Grayscale Falls Behind
According to Bloomberg Industry Research data cited by Eric Balchunas, Bitcoin ETFs from BlackRock and Fidelity are bringing in a lot of inflows for both companies, accounting for 26% and 56% of their total funds so far this year, respectively.
The BlackRock iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), which launched in January, attracted inflows of $16.6 billion and $8.9 billion, respectively, according to Farside Investor.
Balchunas noted that Bitcoin ETFs "will definitely have an impact on the rankings" due to these large inflows.
However, despite not offering any Bitcoin ETFs, Vanguard still leads in total ETF inflows through 2024 with $102.8 billion, far ahead of BlackRock's $65.1 billion.
BlackRock, the world's largest asset manager, manages 429 ETFs with $2.8 trillion in assets under management (AUM). Fidelity manages 70 ETFs with $74 billion in AUM.
