The rapid rise of Bitcoin-focused exchange-traded funds (ETFs) from BlackRock and Fidelity has taken the investment community by surprise.
They now rank among the most prominent ETFs established this decade. In a fresh update today, Eric Balchunas, a senior ETF analyst at Bloomberg, shared data showing that both the iShares Bitcoin Trust ETF (IBIT) and Fidelity Wise Origin Bitcoin ETF (FBTC) have secured their place among the top 10 ETFs launched this decade based on total assets under management (AUM).
For context, both ETFs launched in January 2024, just ten months ago, making this remarkable achievement particularly impressive.
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