👉👉👉 #BlackRock and Fidelity’s #BitcoinETFs Emerge as Top Performers of the Decade
Bitcoin ETFs Make History with Exceptional Performance
- Two Bitcoin exchange-traded funds (ETFs) launched in recent years have emerged as top performers, with BlackRock's IBIT and Fidelity's FBTC ranking among the highest-grossing ETFs of the decade. Eric Balchunas, Senior ETF Analyst at Bloomberg, recently released a list of the top-performing ETFs since 2020, and both IBIT and #FBTC made the cut.
- IBIT, launched by BlackRock, has been particularly impressive, with over $10 billion in assets under management (AUM). Despite recent outflows, IBIT retained its streak of positive growth, marking a significant milestone for the fund. The SEC's approval of options trading for IBIT in late September is expected to attract new liquidity and institutional investors.
- In contrast, FBTC has faced challenges lately. The ETF experienced a downward trend in the crypto market during "Uptober," but it was unable to replicate IBIT's success. Instead, FBTC saw $144.67 million in outflows, with only days prior seeing higher inflows than IBIT.
#IBIT Continues to Shine
- Despite some concerns surrounding BlackRock's recent amendment filing, IBIT remains the clear standout in the Bitcoin ETF market. The fund reached $1 billion in trading volume on October 2, demonstrating its ongoing momentum.
- The exceptional performance of IBIT and FBTC is a testament to the growing interest in Bitcoin ETFs as an investment option. With over 2,000 ETFs launched this decade, these two funds stand out for their impressive growth and adaptability.
Source - beincrypto.com
