CDS Crypto News BlackRock and Fidelity ETFs Continue to Break Inflow Records
Crypto News

BlackRock and Fidelity ETFs Continue to Break Inflow Records

BlackRock and Fidelity ETFs recorded high inflows again.

91
BlackRock and Fidelity ETFs Continue to Break Inflow Records

Crypto News – Two further records have been broken by BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Trust (FBTC), which are among the top 20 exchange-traded funds with the longest-running string of consecutive inflows ever.

BlackRock and Fidelity ETFs Continue to Break Inflow Records

On April 8, Bloomberg ETF analyst Eric Balchunas noted that since the two spot Bitcoin ETFs‘ inception 59 trading days ago, inflows had been ongoing. Since the start of the market in the 1990s, IBIT and FBTC have outperformed 99.9% of all ETFs that have been introduced. If inflows continue for 11 more days, IBIT and FBTC will break into the top 10.

The Increase in ETFs Raises Hopes for New Financial Products

The unprecedented success of Fidelity‘s and BlackRock’s spot Bitcoin ETFs, according to analysts, can be attributed to a number of factors, such as the increased interest of institutional investors in cryptocurrencies, inflationary pressures, and the need for alternative investments in the face of uncertainties in the global economy. Investing in Bitcoin through these ETFs is regulated and safer than directly owning the cryptocurrency, as it avoids the security and complexity risks.

When it comes to net inflow quantities expressed in absolute terms, IBIT and FBTC continue to dominate. IBIT had net assets of approximately $15 billion as of April 5, and FBTC had $8 billion. These exchange-traded funds (ETFs) have set records in performance, which has raised optimism for the introduction of new financial products based on digital assets, possibly including ETFs for other cryptocurrencies like Ethereum.

BlackRock and Fidelity ETFs Continue to Break Inflow Records
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Breaking Crypto News – What are the Advantages of Using EVM RPC for ICP Smart Contracts?

Breaking Crypto News - What are the Advantages of Using EVM RPC...

Crypto News Today- Approach ETH pullbacks with careful consideration

Bitcoin's price fell 15% post spot Bitcoin ETFs, but traders doubt Ether...

Crypto News Today- Nvidia X Bitcoin: Nvidia unlikely to replicate its success against Bitcoin in the next decade

In the last decade, Nvidia, a technology company, surpassed Bitcoin in performance....

Pepe Crypto News – Bitcoin Roller Coaster: From Below $66,500 to Over $69,000

Pepe Crypto News - Bitcoin Roller Coaster: From Below $66,500 to Over...