Eric Balchunas has released his list of the best-performing ETFs of the 2020s, and there are two Bitcoin ETFs in it: BlackRock’s IBIT and Fidelity’s FBTC, both “stud level” funds with over $10 billion in assets under management (AUM).
In early October, FBTC experienced an outflow of funds, but IBIT maintained positive growth.
Bitcoin ETF emerges as top performer
Bloomberg’s senior ETF analyst Eric Balchunas recently compiled a list of the best-performing ETFs launched since 2020. Among them are two Bitcoin ETFs: BlackRock’s IBIT and Fidelity’s FBTC. Of these top performers, only the Bitcoin ETF was launched after the 2022 bear market .
“There have been about 2,000 ETFs launched in the last 10 years, and here are the top 10 by assets. All over $10 billion = stud level. Half of the list is low-cost legacy actives. For example, [JP Morgan], [Dimensional Fund Advisors], [Capital] Group. IBIT and FBTC have performed surprisingly well considering their age,” Balchunas wrote on X (Twitter).
Read more: What is a Bitcoin ETF?
IBIT has been particularly strong recently. At the end of September, the SEC approved IBIT options trading . This new investment tool is expected to attract new liquidity and institutional investors . For example, on September 28, IBIT recorded $111 million in inflows .
Read more: Introduction to Cryptocurrency Options Trading
FBTC has not experienced a similar breakthrough recently. The “Uptober” began as a bear market for cryptocurrencies , and IBIT was the only Bitcoin ETF to maintain inflows.
On the other hand, FBTC recorded the biggest loss with an outflow of $144.67 million. This came just days after FBTC reported higher inflows than IBIT.
Ultimately, IBIT shows no signs of stopping. The ETF hit $1 billion in trading volume on October 2, and the main concern may be BlackRock’s recent revised filing . For now, IBIT appears to be the clear leader in the Bitcoin ETF market.
