BlackRock's IBIT and Fidelity's FBTC passed $10 billion AUM in 49 and 77 trading days respectively, beating the record by about three years.
The spot bitcoin exchange-traded funds from BlackRock and Fidelity beat the previous record for a fund reaching $10 billion in assets under management in a fraction of the amount of time it took the previous record-holder, as noted by Bloomberg's senior ETF analyst Eric Balchunas on the social media platform X.
JEPQ is the JPMorgan Nasdaq Equity Premium Income ETF. It is an actively managed fund that uses the Nasdaq-100 Index as a benchmark, trades equity-linked notes and sells call options to provide income to its holders, according to Yahoo Finance. JEPQ shares trade at $53.42 as of 10:30 a.m. ET on May 10, seeing year-to-date returns of 10.14%. Its net assets are $12.37 billion after launching on May 3, 2022.
IBIT crossed $10 billion in total inflows on March 11, 2024, and $15 billion in total inflows on April 12. FBTC became the second bitcoin ETF behind IBIT to reach $1 billion inflows on Jan. 19, The Block previously reported. FBTC crossed $10 billion in assets under management on March 28. The fund saw its record inflow of $473 million on March 8. The Block's Data Dashboard shows FBTC's inflows reached nearly $100 million on May 6.
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