BlackRock, Fidelity Bitcoin ETFs: Top 10 in January flows.

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In January, the Fidelity Wise Origin Bitcoin ETF secured the eighth position, while the BlackRock iShares Bitcoin Trust claimed the tenth spot for the largest ETF flows.

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) are among those with the highest January flows, totaling around $4.8 billion.

In a report dated February 3rd, Morningstar research analyst Lan Anh Tran provided approximate data from issuers’ websites. BlackRock’s iShares Bitcoin Trust (IBIT) secured the eighth position with an estimated net inflow of $2.6 billion, while the Fidelity Wise Origin Bitcoin ETF (FBTC) claimed the tenth spot with net flows of $2.2 billion.

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Image Source: X
The data also revealed that the Grayscale Bitcoin Trust (GBTC) faced the second-highest net outflows among ETFs in January, with an estimated $5.7 billion exiting the fund.

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Sharing this information in an X post, Nate Geraci, president of the investment advising firm ETF Store, expressed surprise, stating, “Never thought I’d see the day.

Among the nine new Bitcoin funds, BlackRock and Fidelity’s funds are in a “clear two-horse race,” according to a different X article by Geraci.

He also mentioned that Bitwise’s and ARK Invest’s joint ETF, which together have assets under management just short of $650 million, were growing into a “strong middle class” and that their combined assets would approach $1 billion in the “not too distant future.”

According to data published to X on February 3 by BitMEX Research, U.S. spot Bitcoin ETFs have seen net positive inflows for six consecutive days totaling about $715 million. The majority of these inflows have come from the funds of BlackRock and Fidelity. This news coincides with Morningstar’s report.
 
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