BlackRock, Fidelity Capture Over 90% of U.S. Bitcoin ETF Inflows
Updated
Updated · CoinDesk · Jun 10
BlackRock, Fidelity Capture Over 90% of U.S. Bitcoin ETF Inflows
3 articles · Updated · CoinDesk · Jun 10
Summary
BlackRock’s IBIT and Fidelity’s FBTC have become the main drivers of U.S. spot bitcoin ETF flows, with the market increasingly behaving like a two-firm race 18 months after launch.
On Jan. 14, the two funds pulled in $773.8 million of $840.6 million in net inflows; they also dominated major allocation days on April 17 and May 1, repeatedly taking most new money.
That concentration has persisted despite bitcoin falling about 29% year to date and several waves of ETF redemptions, with IBIT in particular often staying positive or seeing smaller outflows than rivals.
Scale helps explain the shift: BlackRock’s $10 trillion asset base and Fidelity’s broad brokerage and retirement networks make their funds the default bitcoin vehicles for many advisers and institutions.
Smaller issuers including Franklin Templeton, VanEck and WisdomTree now often post only single-digit-million daily flows, reinforcing a winner-take-most structure across the sector.