Bitcoin ETFs Surge as BlackRock and Fidelity Noted Among Top Performers

By: Isha Das

The recent trend in investment patterns highlights a rising interest in Bitcoin ETFs. BlackRock and Fidelity's Bitcoin specific ETFs are among the top 10 by net asset flows for January, as indicated in a recent Morningstar report.

Despite housing a fraction of the total net assets, Fidelity Wise Origin Bitcoin ETF (FBTC) reported $2.2 Billion in net assets, while iShares Bitcoin Trust ETF (IBIT) reported $2.6 Billion. On comparison, Vanguard’s Total Stock Mkt ETF (VTI) reported only marginally higher inflows at $2.7 Billion. This recent shift in investor interest highlights a widespread adoption of Bitcoin in their portfolios, even amidst the decrease in Bitcoin’s price from $49,000 to nearly $39,000 in a single month.

These two Bitcoin ETFs demonstrated a notable performance out of the 3,109 ETFs active in the United States, pointing towards evolving investment behaviours and a steady acceptance of digital assets in mainstream finance. The anticipation of a possible SEC approval of an Ethereum ETF only strengthens the belief in the progressive phase of digital asset investment.