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BlackRock and Fidelity charge the same fees and hold the same asset, yet one fund pulled in nearly $300 million while the other hemorrhaged cash. The reason investors keep choosing sides reveals something important about how money actually moves in the Bitcoin ETF market.
BlackRock's IBIT took in $196 million in a day while Fidelity's FBTC had one positive day all week. IBIT vs FBTC, explained.