BlackRock’s spot Bitcoin exchange-traded fund (ETF) saw over $37 billion in net inflows in 2024, outpacing its competitors, according to data from Farside Investors. BlackRock’s iShares Bitcoin Trust (IBIT) attracted more than three times the inflows of its closest competitor, Fidelity’s Wise Origin Bitcoin Fund (FBTC), which garnered nearly $12 billion in net inflows this year, Farside reported in a Dec. 31 post on X.
As the world’s largest asset manager, BlackRock also led the Ether ETF market. Its iShares Ethereum Trust (ETHA) received $3.5 billion in net inflows during 2024, Farside noted, while Fidelity’s Ethereum Fund (FETH) secured second place with $1.5 billion in inflows. “Fidelity is a closer second in the Ether space, drawing 44% of BlackRock’s total inflows, compared to just 31% in Bitcoin,” Farside added.
Overall, U.S. Bitcoin ETFs saw more than $35 billion in net inflows for the year, averaging about $144 million in daily net inflows, according to Farside.
