Resounding success. Since 1er trading day of the 11 spot Bitcoin ETFs, these exchange-traded funds are a hit on the various stock exchanges where they are listed. So much so that they ridicule previous launches of this type of financial product in the United States. In this domination, the BTC ETFs from BlackRock and Fidelity crush all competition.
BlackRock and Fidelity Spot Bitcoin Funds Set Record
It’s already been almost a month since the Securities and Exchange Commission (DRY) of the United States approved first spot Bitcoin ETFs. The next day, January 11, 2024, these funds spot of BTC were sides on the NYSE Arca, Nasdaq or CBOE BZX exchanges (depending on their issuer).
Among the 11 elected officials who managed to pass the “Gary Gensler obstacle” (the president of the SEC), it is clearly the BTC funds of the two big asset management giants – BlackRock And Fidelity – who knew best get out of the game.
THE iShares Bitcoin Trust (IBIT) of BlackRock, and the Fidelity Wise Origin Bitcoin (FBTC) of Fidelity were able to attract respectively more than 3.5 and 3 billion dollars in Bitcoin during their first 30 days of trading. As the signals on the X network Eric BalchunasETF analyst at Bloomberg, it’s simply nonsense never seen Since 30 years despite 5,535 ETFs launched during this period!
4 of the new BTC funds are in the top 25 ETF starts
As shown in the graph below, taken from Bloomberg Intelligence data, BlackRock and Fidelity funds therefore largely occupy first and second place exchange-traded fund launches in the USA.
And that’s not all, because in this Top 25 of the best ETF starts, also appear two more Bitcoin funds additional. THE ARK 21Shares Bitcoin ETF (ARKB) ofARK Investas well as the Bitwise Bitcoin ETF (BITB) of Bitwise have also been able to attract investors to invest in Bitcoin.
For the moment, enthusiasm of investors for spot Bitcoin ETFs does not seem to be falling, and continues to grow. And for some observers, this only marks the beginning of a paradigm shift on adoption cryptocurrencies. For the director of ARK Invest, Cathie Wood, Bitcoin could even “replace” gold as a store of value, thanks to these new funds traded on spot exchanges.