Fidelity’s Bitcoin Fund Ranks Fifth Among ETFs, Attracts $6.9 Billion in 2024 Inflows

Fidelity‘s Wise Origin Bitcoin Fund has emerged as the fifth most favored among all exchange-traded funds (ETFs) in 2024, amassing a substantial $6.9 billion from investors since its launch in January.

The Fidelity Wise Origin Bitcoin Fund (FBTC) has garnered significant attention, ranking fifth in terms of inflows among ETFs. Since its inception on January 12th, the fund has attracted approximately $6.9 billion.

According to data from Bloomberg Intelligence, Fidelity’s Wise Origin Bitcoin Fund (FBTC) holds the position of the fifth most sought-after ETF currently available, with an influx of around $6.9 billion since its debut on January 12th. Notably, this fund is the second spot bitcoin ETF to secure a spot in the top five, following BlackRock’s iShares Bitcoin Trust (IBIT) which gained entry in February.

Leading the pack in terms of 2024 inflows is Vanguard’s S&P 500 ETF (VOO), attracting over $24 billion from investors. IBIT holds the third position with $12.5 billion, trailing behind the iShares Core S&P 500 ETF (IVV) which has witnessed inflows exceeding $15 billion this year.

Following a robust performance earlier in the week, flows into the top 10 spot bitcoin ETFs experienced a slowdown towards the end of the week amidst a broader market downturn. On Thursday and Friday, the combined inflows into these funds totaled $133 million and $199 million respectively, according to data from Farside Investors.