4 Bitcoin Spot ETFs Soar into Top 50 for ETF Inflows, BlackRock Ranks 2nd

IconCryptoNewsTerminal Staff11 Jun, 2024

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4 Bitcoin Spot ETFs Soar into Top 50 for ETF Inflows, BlackRock Ranks 2nd

4 BTC Spot ETFs Surge in Popularity, BlackRock Secures High Ranking According to Nate Geraci, CEO of U.S. ETF specialist ETF Store, a remarkable four Bitcoin (BTC) spot ETFs have ascended into the top 50 ETF inflows in the United States for the current year. Notably, two of these ETFs, BlackRock's iShares Blockchain and Tech ETF (IBIT) and Fidelity's Fidelity Bitcoin ETF (FBTC), have secured positions within the top five. In terms of specific rankings, BlackRock's IBIT ETF occupied an impressive second place, while Fidelity's FBTC ETF captured the fifth position. Additionally, Ark 21Shares' ARKB ETF and Bitwise's BITB ETF also made significant contributions by ranking 36th and 48th, respectively. This surge in popularity underscores the growing demand for Bitcoin spot ETFs, which provide investors with exposure to the underlying cryptocurrency without the complexities of direct ownership. As a result, the inclusion of these ETFs among the top 50 inflows is a testament to the increasing institutional acceptance and adoption of digital assets.

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