Bitcoin’s blistering rally produced record inflows into spot Bitcoin ETFs — and cemented the investor favorites in this new asset class.
BlackRock Inc.’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) have captured 79% of total inflows into the “Newborn Nine” — a popular name for the group of new exchange-traded funds that invest directly in Bitcoin — since the US Securities and Exchange Commission approved the assets Jan. 10.
