BlackRock and Fidelity’s Bitcoin ETFs Emerge as Top Performers of the Decade

BlackRock’s IBIT and Fidelity’s FBTC have emerged as the top-performing Bitcoin ETFs of the decade, according to Eric Balchunas, Senior ETF Analyst at Bloomberg. Both ETFs have surpassed $10 billion in assets under management (AUM), showcasing their strong performance and popularity among investors. While FBTC experienced outflows at the beginning of October, IBIT has continued to sustain positive growth. Among all the ETFs launched since 2020, the Bitcoin ETFs are the only ones to make it onto the list of top performers. IBIT has recently been granted approval for options trading by the SEC, and this milestone is expected to attract more liquidity and institutional investors. On the other hand, FBTC faced downward trends in the crypto market during “Uptober,” resulting in outflows of $144.67 million. Nevertheless, IBIT remains a standout in the Bitcoin ETF market, having reached $1 billion in trading volume and showing no signs of slowing down.