BlackRock and Fidelity lead the ETF market despite multiple challenges

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Despite a market downturn, Bitcoin ETFs Blackrock's IBIT and Fidelity's FBTC shine, while Ethereum faces significant outflows.

Ethereum ETFs struggled, facing cumulative outflows as Bitcoin and Ethereum prices declined.However, amidst this challenging landscape, Eric Balchunas, a senior ETF analyst at Bloomberg, has identified two standout Bitcoin ETFs—BlackRock’s IBIT and Fidelity’s FBTC—as top performers of the 2020s.

, revealing that since its launch, BlackRock’s IBIT has amassed a staggering $21.5 billion in total inflows, while Fidelity’s FBTC has attracted $9.9 billion.However, October, traditionally viewed as an “Uptober” month following a declining September, has brought mixed results.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines