BlackRock’s IBIT and Fidelity’s FBTC are emerging as leading Bitcoin ETFs, each surpassing $10 billion in assets under management despite recent market volatility.
IBIT has shown remarkable growth, achieving $1 billion in trading volume shortly after receiving SEC approval for options trading, which is expected to attract institutional investors. In contrast, FBTC has faced challenges, including significant outflows, indicating investor uncertainty.
Bloomberg’s Senior ETF Analyst Eric Balchunas noted that IBIT and FBTC are among the highest-performing ETFs launched since 2020, distinguishing themselves from many others that debuted after the 2022 bear market.
While IBIT has consistently attracted new investments, including over $111 million in a single day, FBTC has struggled, experiencing $144.67 million in outflows recently.
Despite potential regulatory challenges for IBIT, its strong performance and appeal to institutional investors position it as a frontrunner in the Bitcoin ETF space. The market is now watching to see if FBTC can recover and compete with IBIT, but currently, IBIT is leading the way.
