BlackRock and Fidelity Lead the Race in SEC-Approved Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has greenlighted several Bitcoin ETFs, with products from BlackRock and Fidelity outperforming others significantly, as Grayscale's Bitcoin Trust (GBTC) experiences notable outflows.



BlackRock and Fidelity have emerged as leaders in the space, attracting $1.9 billion and $1.6 billion respectively in inflows for their spot Bitcoin ETFs. These two financial giants lead the pack among ten asset management firms sanctioned by the SEC to offer such products.



In contrast, crypto-focused Bitwise and the ARK 21Shares, supported by Cathie Wood, trail far behind, each managing to draw in over $500 million.



According to Bloomberg's January 24 report, Fidelity's Wise Origin Bitcoin Fund (FBTC) and BlackRock's iShares Bitcoin Trust (IBIT) accounted for a significant 70% of all investments


First found on: https://coinatory.com/cryptocurrency-news/blackrock-and-fidelity-etf-16827/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP