BlackRock iShares Bitcoin
btc
$93,565.24
According data shared by Farside Investors on December 31, BlackRock Outperformed its closest competitor, Fidelity’s Wise Origin Bitcoin Fund (FBTC)which attracted almost $12 billion in net inflows during the year.
However, the overall figure reflects a change in investor preferences, as Grayscale Bitcoin Trust (GBTC) Experienced Over $20 Billion in Net Outflows.
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Launched in 2013, GBTC was one of the first Bitcoin investment products, but has seen reduced demand due to its 2.5% management fee. To address this, Grayscale introduced a lower-cost alternative in July, the Grayscale Bitcoin Mini Trust, which charges a 0.15% annual fee.
Bitcoin ETFs in the United States as a whole attracted more than $35 billion in net inflows throughout the year. This is equivalent to about 144 million dollars entering these funds daily.
BlackRock also led Ethereum-focused ETFs. Is iShares Ethereum
ETH
$3,341.84
According to Farside, Fidelity’s share of Ethereum inflows was closer to BlackRock’s at 44%compared to its 31% share of Bitcoin inflows.
Meanwhile, in December 2024, BlackRock made a bold claim about Bitcoin’s fixed supply limit of 21 million in a video posted on X. How did the crypto community react? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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