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.
Monday, March 4, 2024The SEC has approved the listing and trading of options for BlackRock's spot bitcoin ETF, iShares Bitcoin Trust, on the Nasdaq. This move demonstrates further mainstream acceptance of crypto, providing institutional investors and traders with more tools to manage and increase their exposure to bitcoin.