BlackRock and Fidelity’s spot Bitcoin exchange-traded funds have set a new record by amassing more assets in their first month of trading than any other ETF launched in the U.S. in the past 30 years.from earlier this week that showed IBIT was among the top five of the largest ETFs by inflows this year.over $3 billion in assets within the first 17 trading days of their launch, a feat unmatched by any of over 5,500 ETFs listed.
Here’s a look at the Top 25 ETFs by assets after 1 month on the market .Previously, the record for the highest assets under management in the debut month was held by BlackRock’s iShares Climate Conscious & Transition MSCI USA ETF, which launched on June 8, 2023, and gathered $2.2 billion. In contrast, BlackRock and Fidelity’s ETFs experienced inflows every trading day since their launch, a phenomenon Balchunas described as “literally unprecedented.”
The Bloomberg ETF analyst noted competition since ten spot Bitcoin ETFs launched on the same day. The ARK 21Shares’s spot Bitcoin ETF and Bitwise ETFs ranked 20th and 22nd, respectively.an advantage over the Grayscale Bitcoin Trust , the largest fund by assets under management, in at least two liquidity metrics, according to JPMorgan.
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