{"id":569239,"date":"2024-08-26T15:30:21","date_gmt":"2024-08-26T15:30:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=569239"},"modified":"2024-08-26T15:30:21","modified_gmt":"2024-08-26T15:30:21","slug":"blackrock-and-fidelity-lead-bitcoin-etfs-to-5-week-high-inflows-of-250-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/blackrock-and-fidelity-lead-bitcoin-etfs-to-5-week-high-inflows-of-250-million","title":{"rendered":"BlackRock And Fidelity Lead Bitcoin ETFs To 5-Week High Inflows Of $250 Million"},"content":{"rendered":"

US spot Bitcoin ETFs (exchange-traded funds) recorded 5-week high net inflows of over $250 million on Aug. 23, with the investment products belonging to BlackRock and Fidelity leading the way. <\/span><\/p>\n

According to data from <\/span>Soso Value<\/span><\/a>, BlackRock’s IBIT and Fidelity’s FBTC posted the highest inflows. Grayscale’s GBTC was the only product that recorded outflows at $35 million, although its mini Bitcoin fund registered $50 million in inflows.<\/span><\/p>\n

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Bitwise Says Bitcoin ETFs Lead In Institutional Adoption Despite Retail Traders Holding Most Of The AUM<\/h2>\n

Coinshares<\/span><\/a> data shows that Bitcoin-related ETPs (exchange-traded products) were the best-performing among all crypto investment products, totaling $543 million last week. Most of this inflow came from BlackRock’s IBIT, which saw $318 million during this period.<\/span><\/p>\n

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Bitwise’s chief investment officer Matt Hougan said in an Aug. 21 thread on X that Bitcoin ETFs are the “fastest-growing ETFs of all-time.” After the investment products pulled in over $17.5 billion since their launch in January, the funds are on track to “smash the previous record,” which is held by the Nasdaq-100 QQQs, he added.
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2\/ Bitcoin ETFs are the fastest-growing ETFs of all-time. They've pulled in $17.5 billion in net flows since launching in January. This is on pace to smash the previous ETF record, held by the Nasdaq-100 QQQs, which gathered ~$5 billion in their first year. It's not even close.<\/p>\n

— Matt Hougan (@Matt_Hougan) August 21, 2024<\/a><\/p><\/blockquote>\n