According to recent data, BlackRock’s spot bitcoin ETF has been seeing higher daily net inflows than its rivals. However, the BTC fund from Fidelity Investments is closely competing. In a continued contest anticipated by market experts, the Fidelity Wise Origin Bitcoin Fund (FBTC) slightly outperformed BlackRock’s iShares Bitcoin Trust (IBIT) in net inflows on Monday, with $20.39 million to BlackRock’s $20.30 million as reported by Bloomberg Intelligence. Since their introduction, along with eight other spot bitcoin ETFs in January, both financial behemoths have been vying for the top position in the inflows leaderboard, maintaining a very tight race. IBIT and the FBTC have experienced transactions totaling approximately $2.4 billion and $2.1 billion each to date. Continue reading: Bitcoin ETF Tracker. Analysts explained to Blockworks that the firms gain advantages from their extensive and firmly rooted distribution channels, especially in the realm of financial advising. BlackRock oversees approximately $9 trillion in assets, with around $2.6 trillion of that total represented by its ETFs in the US. Despite being a smaller asset manager, Fidelity managed assets totaling $11.5 trillion as of September. Sumit Roy, an experienced analyst at Exchange-Traded Fund (ETF). Commenting on the growth prospects of both companies’ funds, com expressed that it is certain that they will both expand significantly in the future, but determining which one will become the bigger is not feasible. He noted that Fidelity possesses a significant edge due to its large clientele of retail investors and advisors who utilize its trading services, which enables it to effortlessly market the ETF to these users, as he explained to Blockworks. Conversely, BlackRock stands as the world’s most substantial asset manager, possessing ample strength in both marketing and distribution capacities. Roy mentioned, “It truly is a toss-up in this intense battle.”