• 26% of inflows in BlackRock and 56% in Fidelity came from BTC ETFs.
• Vanguard remains the leader in total ETF inflows for 2024, at $102.8 billion.
• IBIT has attracted $16.6 billion in inflows, while FBTC has seen $8.9 billion.

BlackRock and Fidelity are experiencing remarkable inflows driven by their Bitcoin Exchange-Traded Funds (ETFs). Bloomberg Intelligence data referenced by Eric Balchunas reveals that these ETFs account for a substantial portion of the firms' year-to-date totals, with BlackRock at 26% and Fidelity at 56%.

The launch of the BlackRock iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) in January has been met with significant investor interest. According to Farside Investor data, IBIT has attracted $16.6 billion in inflows, while FBTC has seen $8.9 billion influx.

Eric Balchunas highlighted the impact of Bitcoin ETFs on the industry leaderboard, underscoring the significance of these inflows.

Despite BlackRock and Fidelity's gains, Vanguard maintains its leadership position in total ETF inflows for 2024, boasting $102.8 billion in inflows. Vanguard, unlike its competitors, does not offer any Bitcoin ETFs.

BlackRock, the world's largest asset manager, oversees 429 ETFs with a combined $2.8 trillion in Assets Under Management (AUM). Fidelity, on the other hand, manages 70 ETFs with a total AUM of $74 billion.

The dynamics of the ETF market show BlackRock and Fidelity making strides with their Bitcoin ETFs, while Vanguard continues to dominate in overall ETF inflows, leaving Grayscale trailing behind. The competition between these key players in the world of ETFs is intensifying.