Bitcoin ETFs Lead Top 25 Global ETF Asset Inflows: ‘Start Of A Bull Cycle,’ Says Analyst
Spot Bitcoin (CRYPTO: BTC) ETFs recorded the third-biggest day of inflows since their launch on Jan. 10, 2024 as two spot Bitcoin ETFs topped the chart for all ETF inflows after one month. Each ETF crossed $3 billion in total assets. What Happened: Bloomberg Senior ETF analyst Eric Balchunas highlighted BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT), and Fidelity’s Wise Origin Bitcoin Fund (BATS: FBTC) as leaders among the Top 25 ETFs by asset inflows one month into their launch. IBIT boasts of $3.75 billion in assets, while FBTC stands at $3.16 billion. Notably, both ETFs have reported infl…