- 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’s and Fidelity’s Bitcoin ETFs are driving significant inflows for the firms, accounting for 26% and 56% of their respective year-to-date totals, according to Bloomberg Intelligence data cited by Eric Balchunas.
The BlackRock iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), which launched in January, have attracted $16.6 billion and $8.9 billion in inflows, respectively, according to Farside Investor data.
Balchunas noted that the Bitcoin ETFs are “definitely having an impact on the leaderboard” due to these significant inflows.
However, Vanguard, which does not offer any Bitcoin ETFs, still leads in total ETF inflows for 2024 with $102.8 billion, far surpassing BlackRock’s $65.1 billion.
BlackRock, the world’s largest asset manager, manages 429 ETFs with a combined $2.8 trillion in Assets Under Management (AUM). Fidelity manages 70 ETFs totaling $74 billion in AUM.
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