Bitcoin ETFs Rise to Become Top Performers

Eric Balchunas, the Senior ETF Analyst at Bloomberg, recently compiled a list of top-performing ETFs launched since 2020, at least in terms of AUM.

Two Bitcoin exchange-traded funds (ETFs) have made it onto a list of the highest-performing ETFs of the 2020s, as highlighted by Bloomberg’s senior ETF analyst.

The ETFs, IBIT from BlackRock and FBTC from Fidelity, both have over $10 billion in assets under management (AUM). Both ETFs were launched this year, and they are the only ones on the list to have been launched after the 2022 bear market.

Of the top 10 ETFs on the list, IBIT and FBTC are also the youngest, with the rest having been launched earlier this decade.

The top 10 ETFs were identified by having over $10 billion in AUM, which led Balchunas to describe them as “stud level” in a tweet on Monday.

“There’s been about 2,000 ETFs launched this decade, here’s the top 10 biggest by assets. All over $10 billion = stud level. Half the list is low-cost legacy active eg [JP Morgan], [Dimensional Fund Advisors], [Capital] Group. IBIT and FBTC stunning given how young they are,” Balchunas wrote.

Both IBIT and FBTC have seen varying degrees of success in recent weeks. IBIT has been performing particularly well, with the SEC approving options trading for the ETF in late September.

This new investment tool is set to attract new liquidity and institutional investors, with IBIT enjoying over $111 million in inflows on September 28.

FBTC, on the other hand, has not enjoyed similar breakthroughs lately. As “Uptober” began with a downward trend in the crypto market, IBIT was the only Bitcoin ETF that maintained its streak of inflows.

FBTC, meanwhile, was the biggest loser, with $144.67 million in outflows. This comes only days after FBTC reported higher inflows than IBIT.

Both ETFs continue to be in the spotlight as the crypto market recovers and institutional investors show increasing interest in digital assets.