TLDR Crypto · MARKETS & BUSINESS
BITCOIN ETF MANIA IS BOOSTING BLACKROCK AND FIDELITY, WHICH TOGETHER HAVE CAPTURED 79% OF INFLOWS INTO ‘NEWBORN NINE’
Summary from the TLDR Crypto newsletter
BlackRock's iShares Bitcoin Trust and Fidelity Investments' Wise Origin Bitcoin Fund have emerged as the leaders of the spot Bitcoin ETF race so far. These two funds have captured 79% of total inflows while the rest have struggled to keep up, responding by reducing fees. Experts expect further concentration among the top ETFs and continuing fee wars as time goes on.