Ten spot bitcoin ETFs launched on Jan. 11.
Eight days later, two funds have distinguished themselves in terms of net inflows: BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC).
While the BlackRock offering reached $1 billion in assets after four days trading, Fidelity’s fund hit the milestone on its fifth trading day.
Read more: BlackRock beats spot bitcoin ETF rivals in race to $1B assets
IBIT and FBTC had about $1.2 billion and nearly $1.1 billion in net inflows, respectively, after Thursday, according to Bloomberg Intelligence data. The two funds each have more than $2 billion in trading volumes since launching.
Yahoo Finance data indicated IBIT saw an additional $430 million or so in trading volumes on Friday, while Fidelity’s fund hit Friday trading volumes totaling roughly $415 million.
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