BlackRock Captures 82% of Bitcoin Fund Inflows as Fidelity Trails Behind

BlackRock dominated inflows to U.S. spot bitcoin funds on August 20, accounting for nearly 82% of $606.3 million in new capital.

The influx into Fidelity's FBTC fund was a respectable $64.74 million, but BlackRock's IBIT fund pulled in $502.99 million, significantly more than the competition.

This shift in market share is notable, especially considering IBIT's 0.97% increase relative to its $51.75 billion assets under management.