Since their approval, the spot Bitcoin ETFs from BlackRock and Fidelity have each surpassed $10 billion in assets under management (AUM).
In recent years, the ETF sector has seen the introduction of around 2,000 new products. A recent analysis by Bloomberg expert Eric Balchunas shows that IBIT and FBTC have each surpassed $10 billion in assets under management, ranking among the top ten largest ETFs launched since 2020.
Growth of IBIT and FBTC
The IBIT fund has experienced the largest capital inflows among the 11 approved Bitcoin ETFs, even securing approval for options trading from the SEC. This approval will expand the range of tools available to investors, increasing liquidity. On October 2, IBIT’s trading volume reached one billion dollars.
In contrast, the FBTC ETF has gone through a period marked by greater outflows, with losses exceeding $144 million as of October 1. However, on certain days, FBTC has recorded larger inflows compared to BlackRock’s product.
The target for both financial instruments remains to attract institutional investors.
