On January 7, Fidelity recorded the highest Bitcoin ETF inflows, surpassing BlackRock. Meanwhile, BlackRock led in Ethereum ETF inflows, highlighting contrasting investment strategies between the two companies.
Fidelity's Significant Lead
January 7 saw significant activity in spot Bitcoin ETFs, with total net inflows reaching $828.97 million, equivalent to 8,238 BTC. Fidelity's Wide Origin Bitcoin Fund led the charge with 3,625 BTC, or $364.8 million, surpassing BlackRock’s IBIT with 2,047 BTC, or $200.75 million.
Weekly Performance Favors Fidelity
Besides daily inflow dominance, Fidelity outpaced BlackRock in weekly net inflows, gathering 7,972 BTC compared to BlackRock’s 955 BTC. This follows BlackRock's significant Bitcoin outflows in December.
Strong Asset Holdings
Fidelity maintains a robust Bitcoin position with 209,135 BTC, valued at approximately $21.05 billion. BlackRock holds a leading position in Ethereum with 1,114,423 ETH worth $4.05 billion, highlighting distinct trends between Bitcoin and Ethereum ETFs.
The differing performances of Fidelity and BlackRock illustrate evolving investor preferences and strategies in the ETF landscape. Fidelity leads in Bitcoin while BlackRock retains its edge in Ethereum.
