The Bitcoin ETF market is seeing active inflows, with several funds standing out from the rest. This article examines key data on the current positions and trends in the ETF market.
IBIT: Market Leader
BlackRock's Bitcoin ETF (IBIT) continues to hold the top spot with total inflows of $50.95 billion and total assets reaching $71 billion. This solidifies its position as the top-performing Bitcoin ETF.
FBTC: Steady Second Place
Fidelity's Wise Origin Bitcoin Fund (FBTC) also demonstrates strong performance, bringing in $104.4 million in inflows. The fund's total assets now amount to $20.49 billion, securing its second place in the ETF rankings with $11.5 billion in net inflows.
Other Funds: Modest Results
Bitwise's fund (BITB) attracted $11.3 million, raising its total assets to $4.04 billion. Meanwhile, Hashdex recorded positive movement with inflows of $1.17 million. However, the Grayscale Bitcoin Trust (GBTC) continues to struggle, shedding $16.36 million in a single day and reaching a total outflow of $23.24 billion.
Despite challenging market conditions, IBIT and FBTC show growth, illustrating the increasing institutional interest in Bitcoin ETFs, while older funds like GBTC struggle.
