"Bitcoin ETF Competition Heats Up as BlackRock and Fidelity Lead Inflows"

BlackRock's iShares Bitcoin Trust (IBIT) has quickly risen to become one of the top five exchange-traded funds (ETFs) of 2024 based on inflows, with $3.2 billion in year-to-date inflows, trailing only mammoth index ETFs from iShares and Vanguard. Fidelity's Wise Origin Bitcoin Fund (FBTC) also made it to the top 10 with $2.7 billion in inflows. Despite a recent slowdown in overall investment into new spot bitcoin ETFs, BlackRock’s IBIT and Fidelity’s FBTC remain the only two funds with continuous positive flows since their launch.