BlackRock's IBIT and Fidelity's FBTC are attracting the vast majority of new bitcoin ETF money, leaving smaller funds increasingly sidelined as institutional investors consolidate around the industry's largest players. BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund now dominate U.S. spot bitcoin ETFs, regularly capturing the majority of new inflows. Despite a roughly 29% year-to-date decline in bitcoin and waves of ETF redemptions, IBIT and FBTC have of…
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