2024-01-25 16:52:06 ET
Summary
- Spot Bitcoin ETFs have seen impressive inflows and increased assets under management since gaining SEC approval.
- BlackRock's iShares Bitcoin Trust, Grayscale Bitcoin Trust, and Fidelity Wise Origin Bitcoin Fund have been the dominant funds in terms of assets under management and net flows.
- Fidelity's FBTC and Bitwise's BITB are top picks among spot Bitcoin ETFs due to Fidelity's self-custody approach and Bitwise's low fees and transparency.
Since gaining the SEC approval, the spot Bitcoin ETF has been the epicenter of discussions in the crypto community and news media. The underlying asset, Bitcoin USD ( BTC-USD ), has been seeing a bit of a "sell the news" price action; however, there is still reasonable momentum, considering the upcoming halving event....
Read the full article on Seeking Alpha
For further details see:
Fidelity's FBTC And Bitwise's BITB Stand Out Among Spot Bitcoin ETFs