BlackRocks iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) launched on January 11, 2024, as part of the first wave of spot Bitcoin ETFs approved in the United States. While both funds provide direct exposure to Bitcoin and charge the same 0.25% management fee, BlackRock has established a commanding lead in assets under management (AUM), net inflows, and market share.
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