Are BlackRock & Fidelity's new bitcoin exchange-traded funds a good investment?

BlackRock and Fidelity's new spot bitcoin exchange-traded funds (ETFs) launched on January 11 and were among the country's top-10 best-performing funds for the month as measured by inflows, according to a new report from Morningstar, a financial services company headquartered in Chicago.

How much did BlackRock & Fidelity trade in the first 30 minutes?

Total trading volumes for BlackRock, Fidelity and Grayscale products exceeded $1 billion in the first 30 minutes of trade, according to market data crunched by Blockworks. BlackRock’s iShares Bitcoin Trust (IBIT) led trading volumes with roughly 10 million shares traded in the first 15 minutes after the bell, according to Yahoo Finance data.

How much money did BlackRock's iShares & FBTC make in January?

BlackRock's iShares Bitcoin Trust (IBIT) had an estimated $2.6 billion in net flows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) logged $2.2 billion. This volume saw the two funds break into the top-10 ETFs in the nation for January, despite the fact that the pair were only active across 14 days during the entirety of the month.