BlackRock is taking a dominant position in the competitive bitcoin ETF race after a strong week of inflows and trading volumes. Experts believe that while other funds have launched successfully, BlackRock’s iShares Bitcoin Trust (IBIT) may be establishing a significant lead that it will maintain. The IBIT has reached over $10 billion in assets under management in just seven weeks of trading. It is difficult to justify restricting access to rapidly growing bitcoin ETFs when no other ETF in history has amassed assets at such a fast pace. Last week, Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) had assets of around $6.5 billion, making it the leading fund in terms of assets. The Ark 7553Shares Bitcoin ETF (ARKB) and the Bitwise Bitcoin ETF (BITB) followed with approximately $2.2 billion and $1.6 billion in assets, respectively. Despite Grayscale’s Bitcoin Trust ETF (GBTC) having around $27 billion in assets, experts predict continuous outflows due to its higher price. Nate Geraci, president of the ETF Store, believes BlackRock is the most successful out of the new spot bitcoin ETF entrants. GBTC was unique in that it transferred its large asset base accumulated over years as a trust to become an ETF on January 22, unlike its competitors. Since then, the fund has experienced total outflows of approximately $21.8 billion. Sumit Roy, who is a senior analyst at ETF, provided this information. In January, a spokesperson for com stated that the competition between BlackRock and Fidelity for assets was a close and uncertain battle. According to analysts interviewed by Blockworks, the companies benefit from their extensive and established distribution networks, especially in the financial adviser sector. However, Neena Mishra, ETF research director at Zacks Investment Research, noted that IBIT’s rapid growth as a leading player is making it increasingly challenging for FBTC to compete. A review of BitMEX Research data by Blockworks showed that in 22 trading days, IBIT had higher net inflows than FBTC 21.2 times. This occurred during a week of record net inflows for bitcoin ETFs in February. From February 11th to February. IBIT and FBTC earned $1.53 billion and $21.5 million, respectively.