According to YCharts data, BlackRock's Bitcoin ETF has made a strong showing in the U.S. ETF market. As reported by Deep Wave TechFlow using YCharts data, BlackRock's ETF inflows place it in the top 0.16% out of the current 3,109 U.S. traded ETFs.
Fidelity's Bitcoin Fund is also performing well with a size of $2.51 billion, making it the eighth-largest among U.S. ETF products.
In another ETF development reported by Bloomberg ETF senior analyst Eric Balchunas on February 5, flows to spot Bitcoin ETFs exceeded $3.19 billion. This puts them behind only broad index funds tracking the S&P 500 index and Vanguard's Total Stock Market ETF. These developments highlight the growing acceptance and popularity of Bitcoin funds within the broader ETF market.
