BlackRock and Fidelity lead the ETF market despite multiple challenges

Despite a market downturn, Bitcoin ETFs Blackrock's IBIT and Fidelity's FBTC shine, while Ethereum faces significant outflows.

Ethereum ETFs struggled, facing cumulative outflows as Bitcoin and Ethereum prices declined.However, amidst this challenging landscape, Eric Balchunas, a senior ETF analyst at Bloomberg, has identified two standout Bitcoin ETFs—BlackRock’s IBIT and Fidelity’s FBTC—as top performers of the 2020s.

, revealing that since its launch, BlackRock’s IBIT has amassed a staggering $21.5 billion in total inflows, while Fidelity’s FBTC has attracted $9.9 billion.However, October, traditionally viewed as an “Uptober” month following a declining September, has brought mixed results.

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