Blackrock and Fidelity Spot Bitcoin ETFs Raise More Assets in First Month Than Any Other US ETF in 30 Years

Spot bitcoin ETF (exchange-traded fund) products offered by BlackRock and Fidelity have gained more assets during their first month of trading than any other ETF launched in the US in the past three decades.

BlackRock iShares bitcoin Trust (IBIT) and Fidelity Wise Origin bitcoin Fund (FBTC) have each accumulated more than $3 billion in assets, the only ETFs to surpass that milestone in their first month among more than 5,535 other ETFs.

The assets generated by the two ETF products during the first month of trading exceeded those of more than 5,500 ETFs launched in the last 30 years.

Here's a look at the top 25 ETFs by assets after 1 month on the market (out of a total of 5,535 launches over 30 years). $IR and $FBTC in their own league with over $3 billion each and still have two days left. $ARKB and $BITB He also made a list. pic.twitter.com/Yyi1nxukUk

– Eric Balchunas (@EricBalchunas) February 8, 2024

Bloomberg ETF analyst Eric Balchunas said that even with inflation adjusted over the years, IBIT and FBTC would still rank among the top 0.1% of ETFs in the United States.

“IBTC and FBTC are in a league of their own,” he added.

Other bitcoin Spot ETFs Are Performing Well

IBIT and FBTC are not the only high-performing btc ETFs. ARK 21Shares and Bitwise bitcoin Fund are also among the top 25 btc ETFs by assets. The ProShares bitcoin Strategy ETF, a spot bitcoin futures product, ranked seventh.

ETF Store President Nate Geraci says These figures dispel the idea that there will be no demand.

“There will be no lawsuit.”

Spot bitcoin ETFs now represent *4* of the top 25 ETF launches after 1 month on the market in over 30 years of industry history.

IBIT and FBTC are now ranked 1 and 2 overall. https://t.co/Z6yrbgWRGk

– Nate Geraci (@NateGeraci) February 8, 2024

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