o date, BlackRock’s IBIT has $52 billion in AUM while Fidelity’s FBTC has $20 billion, ARK/21shares’ ARKB $4.4 billion, and Bitwise’s BITB $4 billion of AUM, all making it to the top 20 ETFs.
Global Flow Impact
Combined, IBIT and FBTC accounted for greater than 4% of global ETF flows of $1.14 trillion; IBIT ranked only slightly below traditional markets IVV and VOO.
Outperforming Gold ETFs
Still, Bitcoin ETFs have managed to exceed gold ETFs past performance, gaining $37 billion in first-year assets under management versus the gold ETFs launch-year record of $2.5 billion.
Recent Performance
US-traded spot Bitcoin ETFs saw net inflows of $462m for the week to January 10, even though $570m left the products when Bitcoin was trading at $43k on January 8.
Top Performers
The high first-year results of Bitcoin ETFs indicate increased institutional adoption and indicate the advancement of the cryptocurrency investment product market.
