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03 October, 2024

BlackRock and Fidelity Bitcoin ETFs: A Decade of Performance

03 October, 2024

The 2020s have been a dynamic decade for the cryptocurrency market, and two ETFs stand out as leading performers: BlackRock’s IBIT and Fidelity’s FBTC.

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IBIT, launched in 2021, has consistently attracted new inflows, reflecting investor confidence in its strategy. The ETF’s focus on institutional-grade Bitcoin custody and its strong track record have contributed to its growth.

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Fidelity’s FBTC, which entered the market in 2022, has experienced a period of outflows in early October. This could be attributed to various factors, including market volatility and investor sentiment. However, FBTC remains a significant player in the Bitcoin ETF space, boasting a robust infrastructure and a commitment to transparency.

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The performance of these two ETFs showcases the growing institutional adoption of Bitcoin and the increasing demand for regulated investment products. As the cryptocurrency market matures, we can expect to see even more innovation and competition in the Bitcoin ETF landscape.