$118,938.00
1.26%$2,997.92
2.01%$2.86
4.80%$690.84
0.85%$163.13
1.75%$0.999812
-0.01%$0.200873
1.78%$0.304788
1.41%$2,998.07
2.07%$0.743643
5.47%$48.64
5.77%$118,644.00
1.18%$0.463434
20.58%$3,616.13
2.08%$3.51
3.89%$15.82
5.39%$0.242038
24.02%$508.44
-0.17%$21.44
3.59%$9.02
-0.66%$3,212.13
1.96%$0.00001343
2.10%$2,997.17
1.99%$2.98
0.64%$96.12
4.08%$0.999789
0.01%$46.20
0.70%$0.999674
-0.04%$339.88
2.95%$4.04
3.86%$118,968.00
1.27%$1.001
0.11%$0.00001251
2.41%$8.68
3.84%$4.38
0.43%$311.90
4.00%$399.20
4.11%$0.471683
1.78%$0.107717
6.23%$5.02
5.37%$2.57
3.98%$1.18
0.15%$5.52
4.60%$48.68
0.41%$0.912781
4.77%$198.10
1.83%$18.61
3.02%$1.00
0.00%$0.690351
7.60%$0.087429
5.33%$1.059
-0.01%$0.257806
18.65%$0.99875
-0.10%$0.34742
7.73%$4.72
3.11%$0.02485675
6.03%$0.23414
3.22%$0.00002689
6.48%$0.418854
6.23%$3.81
6.81%$9.76
1.76%$4.50
0.04%$15.93
0.27%$0.722732
5.58%$0.02995773
31.73%$1.068
4.51%$2,994.76
1.96%$0.326734
1.74%$2.60
3.09%$118,754.00
1.25%$0.079059
1.79%$114.56
2.82%$4.74
0.92%$173.08
1.68%$0.507393
7.60%$1.58
1.82%$11.45
0.48%$0.999562
-0.03%$0.998734
-0.00%$3,135.97
1.81%$3,420.59
2.11%$1.00
-0.05%$1.91
2.20%$1.29
1.80%$1.28
2.85%$4.32
-1.39%$0.078037
12.63%$12.62
3.32%$0.791599
7.90%$0.01728114
2.71%$0.365212
5.13%$0.666439
3.63%$1.74
2.50%$3,207.06
1.86%$3,151.79
2.08%$118,637.00
1.24%$1.00
-0.00%$0.669661
20.31%$1.022
7.93%$0.542334
9.69%$12.61
9.51%$3,159.26
2.07%$0.99949
-0.01%$0.100306
6.07%$118,726.00
1.36%$0.00009895
3.90%$3,347.71
0.01%$1.11
0.02%$0.676608
9.60%$690.33
0.80%$0.157681
1.62%$118,497.00
-0.09%$3,240.35
2.10%$0.999456
-0.00%$0.54997
4.40%$182.46
1.65%$2.42
3.53%$0.215033
15.81%$3,347.41
-0.11%$0.822115
5.84%$212.97
1.79%$0.01749073
5.54%$0.319414
12.36%$0.01601347
12.50%$0.00000192
13.39%$0.841156
3.78%$2.81
7.20%$22.35
4.31%$10.74
0.00%$111.77
0.00%$0.825637
8.48%$43.02
3.00%$0.120547
6.96%$0.649536
6.35%$1.94
3.05%$0.00000069
1.34%$0.998288
0.03%$2,997.31
2.06%$0.254493
0.46%$48.62
5.47%$3,202.58
1.76%$3.97
3.59%$1.094
0.62%$0.394313
5.27%$3,132.35
2.32%$1.95
19.10%$117,733.00
1.44%$0.324675
7.43%$118,748.00
1.30%$2,998.04
1.97%$0.01754734
9.17%$0.00884837
1.52%$0.999687
0.03%$3.21
4.60%$0.997683
-0.02%$0.057866
6.33%$0.564684
5.72%$0.407628
4.74%$118,900.00
1.38%$48.62
5.42%$1.54
4.46%$0.674511
4.72%$0.105053
10.20%$26.54
2.65%$0.491088
-2.30%$0.999731
0.00%$2,999.28
2.06%$0.201155
2.07%$0.509152
-4.31%$0.141523
4.86%$0.999336
0.06%$1.001
0.03%$0.437516
3.81%$0.00807789
5.35%$3,185.92
1.88%$0.223361
0.94%$0.00464016
4.99%$0.612194
2.94%$0.32837
10.88%$6.98
12.64%$0.999812
-0.00%$15.82
4.90%$6.37
4.10%$0.062523
0.38%$0.00000045
0.46%$0.00484061
11.42%$1.18
6.29%$47.08
2.34%$0.370264
8.35%$7.61
0.21%$3,307.67
2.04%$0.172922
5.70%$1.35
4.81%$0.00002133
2.35%$2.55
4.43%$1.094
0.00%$118,024.00
0.76%$0.056754
5.65%$0.996309
-1.11%$0.04107772
4.18%$3,286.26
2.19%$0.15308
3.55%$1.001
-0.05%$0.548194
4.55%$2,989.21
1.65%$0.081189
8.82%$1.57
2.22%$2,998.68
2.09%$0.999922
-0.00%$1.35
5.31%$0.380787
5.96%$0.00697731
5.19%$0.364496
5.82%$0.03675654
1.16%$2,997.22
2.09%$0.803226
10.10%$0.01886985
1.07%$0.886009
8.36%$118,656.00
1.29%$0.999966
0.02%$0.00006391
3.10%$0.529175
2.74%$178.26
1.84%$21.10
0.46%$1.17
5.23%$0.234003
3.13%$128.23
1.53%$3,620.50
2.17%$11.42
1.16%$26.03
3.59%$0.722899
9.76%$0.00382162
4.16%$0.763355
2.72%$0.0296472
5.89%$0.999402
0.00%$21.45
3.70%$1.00
0.01%$0.999526
0.01%$0.0045128
9.44%$1.001
0.01%$118,755.00
1.29%$0.489242
3.61%$2,389.12
1.31%$3,138.98
1.78%$1.02
-0.03%$17.08
1.15%$3.50
11.49%$0.084245
13.08%Reading
BlackRock and Fidelity's spot Bitcoin ETFs landed in the top 10 for all ETFs by net asset flows for the month of January, according to a recent report from U.S. financial services firm Morningstar.
It's an impressive feat when you consider that neither ETF was actually available to investors for the entire month. Each fund, the iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), began trading on January 11. That means they each had 14 total days of trading.
BlackRock's IBIT accounted for $2.7 billion worth of net asset flows and Fidelity's FBTC accounted for $2.3 billion. Net assets means that the Morningstar calculation accounted for deposits and withdrawals during the month of January.
Keep in mind that BlackRock, the largest asset manager in the world, has a massive ETF business. Even without its IBIT making the top 10, it had five other funds in the running—including its iShares Core S&P 500 ETF taking the top spot.
There were signs that the Blackrock and Fidelity ETFs were performing well among the rest of their competition—crypto and otherwise—just a week after they had been trading, according to Bloomberg Intelligence analyst Eric Balchunas.
Another way to put the bitcoin ETF flows in ETF context (besides showing their #s relative to past new launches) is how they stack up to ALL ETFs in past 1 week flows. Even after four days two of them are in Top 5 and three in Top 10, up there w the studs $VOO, $QQQ et al. pic.twitter.com/oduhktEqwG
— Eric Balchunas (@EricBalchunas) January 18, 2024
The performance is even more impressive when you consider how the pre-approval hype around spot Bitcoin ETFs quickly evaporated. On the day they began trading, the price of BTC rose as high as $48,494.62. But after that peak—and less than two weeks later—the price had slid all the way to $38,678.19 on January 23.
That's because when the ETFs began trading and the Grayscale Bitcoin Trust (GBTC) was converted to a spot ETF, it unlocked previously locked-up shares and triggered a selloff. The resulting sell pressure caused Bitcoin to lose all its ETF gains.
In fact, Grayscale picked up its own superlative: GBTC saw the second-largest outflow of any ETF in January, with $5.7 billion worth of shares being sold after its conversation to a spot Bitcoin ETF.
It's a bittersweet outcome. Some analysts have posited that if Grayscale hadn't filed a lawsuit—and won a judgement—against the U.S. Securities and Exchange Commission over its refusal to consider its ETF application, none of the others would have been approved.
Livestreaming with an attached meme coin was popularized this year after a mom promised sexual acts if her apparent son’s meme coin, called LiveMom, hit specific market caps. Despite promising to pour milk over her “36DDs,” the same ones her son allegedly “actually suckled on,” the pair ghosted with nothing really crazy going down. But clearly, some degens saw the viral sensation this became and tried to capitalize on it. Quickly, a flurry of copycat tokens launched, including LiveSis, countles...
Top college football prospect Matai Tagoa’i is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin. The linebacker will be paid part of his earnings via the Strike app after signing a “name, image, and likeness” (NIL) deal with the University of Southern California (USC). The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy. The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin. One of those fundamentals is Bitcoin’s 21 million fixed token supply. While the video explains t...
