📣 Fidelity and BlackRock Dominate in the Bitcoin ETF Market
posted 21 Jan 2024
Within just the first six days of spot bitcoin ETF trading, the total assets of these funds have soared to roughly 95,000 BTC ($4 billion). Fidelity (FBTC) and BlackRock (IBIT) are at the forefront, collectively holding 64,000 bitcoins.
Notably, the converted Grayscale fund (GBTC), with its 552,000 BTC, is seeing daily withdrawals of investments amounting to approximately $600 million. In contrast, newcomers Wisdom Tree (BTCW) and Franklin (EZBC) are trailing behind, collectively managing less than 1,500 BTC.
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