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BlackRock Bitcoin ETF Sees Largest Inflows in 2024

BlackRock dominates Bitcoin ETF market with over $37 billion in net inflows for 2024

3 min December 31, 2024

Highlights:

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BlackRock's Bitcoin ETF leads 2024 with $37 billion in net inflows.

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Fidelity's Bitcoin fund follows with $12 billion in inflows, far behind BlackRock.

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Bitcoin ETFs hit $100 billion in net assets, marking a significant milestone in 2024.

BlackRock Bitcoin ETF Sees Largest Inflows in 2024

BlackRock’s Bitcoin exchange-traded fund saw the largest inflows in 2024. The iShares Bitcoin Trust (IBIT) raked in over $37 billion in net inflows, far surpassing competitors. This shift shows how Bitcoin is growing as a popular investment. BlackRock’s success highlights the increasing appeal of Bitcoin to mainstream investors.

 

BlackRock Dominates, Fidelity Follows

 

 

BlackRock’s Bitcoin ETF outperformed Fidelity’s Wise Origin Bitcoin Fund (FBTC) by more than three times. According to Farside Investors, BlackRock attracted more than $37 billion, while Fidelity garnered just under $12 billion. 

 

This massive gap puts BlackRock ahead in the race. However, Fidelity still secured the second spot with a strong showing. It captured 44% of BlackRock’s total Bitcoin inflows, showing how demand for Bitcoin is rising.

 

Bitcoin ETFs Take Center Stage

 

BlackRock’s dominance extends to Ethereum (ETH) ETFs as well. The iShares Ethereum Trust (ETHA) saw $3.5 billion in net inflows. This left Fidelity’s Ethereum Fund (FETH) trailing with $1.5 billion.

 

2024 has been a standout year for Bitcoin ETFs. By November 21, U.S. Bitcoin ETFs crossed $100 billion in net assets for the first time. Investor optimism, sparked by the U.S. presidential election, drove the surge. 

 

Bitcoin ETFs are reshaping the market, with BlackRock leading the pack. The flow of funds into these ETFs signals growing investor trust in digital assets. With 2024’s success, the future looks bright for Bitcoin ETFs.

 

 

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