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Post: BlackRock and Fidelity’s Bitcoin ETFs Earn Over $3 Billion in Assets

BlackRock and Fidelity’s Bitcoin ETFs Earn Over $3 Billion in Assets

Key Points:

  • Only two out of over 5,500 ETFs launched in the United States in the last 30 years have acquired over $3 billion in assets in their first month of trading.
  • BlackRock and Fidelity’s Bitcoin spot ETFs, IBIT and FBTC respectively, have amassed over $3 billion in assets in the first 17 trading days.

BlackRock and Fidelity’s Bitcoin ETFs Outperforming Others in Assets:

Bloomberg Intelligence data reveals that BlackRock’s IBIT and Fidelity’s FBTC have achieved record-breaking success by securing over $3 billion in assets within the first month of trading. This accomplishment sets them apart from the thousands of other ETFs launched in the United States over the past 30 years.

Hot Take:

The immediate success of BlackRock and Fidelity’s Bitcoin ETFs highlights the immense popularity and demand for cryptocurrency investment products. Despite being relatively new on the market, these ETFs have quickly garnered the trust and attention of investors, showcasing the increasing mainstream acceptance of Bitcoin as an investment asset.

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