tl;dr
Eric Balchunas, Senior ETF Analyst at Bloomberg, compiled a list of top-performing ETFs since 2020, with two Bitcoin ETFs making the cut: BlackRock’s IBIT and Fidelity’s FBTC, both with over $10 billion in assets under management. IBIT retained positive growth, while FBTC saw new outflows at the beg...
Two Bitcoin ETFs, BlackRock’s IBIT and Fidelity’s FBTC, are among the top-performing ETFs of the 2020s, with over $10 billion in assets under management (AUM).
BlackRock’s IBIT maintains positive growth while Fidelity’s FBTC experiences outflows at the beginning of October.
The SEC's approval of options trading for IBIT is expected to attract new liquidity and institutional investors, with over $111 million in inflows on September 28.
Despite a downward trend in the crypto market, IBIT continues to show positive performance and reached $1 billion in trading volume on October 2.
Eric Balchunas, Senior ETF Analyst at Bloomberg, compiled a list of top-performing ETFs since 2020, with two Bitcoin ETFs making the cut: BlackRock’s IBIT and Fidelity’s FBTC, both with over $10 billion in assets under management.
IBIT retained positive growth, while FBTC saw new outflows at the beginning of October. IBIT's recent success includes SEC approval for options trading, attracting new liquidity and institutional investors, while FBTC experienced outflows after a downward trend in the crypto market.
IBIT reached $1 billion in trading volume on October 2, positioning itself as a standout in the Bitcoin ETF market.
Eric Balchunas published a list of the highest-performing ETFs of the 2020s, and two Bitcoin ETFs made the cut. BlackRock’s IBIT and Fidelity’s FBTC were both “stud level,” with over $10 billion in assets under management (AUM). The beginning of October has seen new outflows for FBTC, but IBIT retained its streak of positive growth.
Eric Balchunas, the Senior ETF Analyst at Bloomberg, recently compiled a list of top-performing ETFs launched since 2020, at least in terms of AUM. Two of the Bitcoin ETFs launched this year, BlackRock’s IBIT and Fidelity’s FBTC, made the cut.
IBIT has been performing particularly well lately. The SEC greenlit options trading for IBIT in late September, a significant milestone of approval. This new investment tool is likely to attract new liquidity and institutional investors. For example, IBIT enjoyed over $111 million in inflows on September 28.
FBTC, for its part, has not enjoyed similar breakthroughs lately. “Uptober” started off with a downward trend in the crypto market, and IBIT was the only Bitcoin ETF that maintained its streak of inflows. FBTC, on the other hand, was the biggest loser, with $144.67 million in outflows. This comes only days after FBTC reported higher inflows than IBIT.
Ultimately, IBIT is showing no signs of stopping. The ETF reached $1 billion in trading volume on October 2 and is looking like the clear standout of the Bitcoin ETF market.
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry
Manufacturing, Ship & Boat Building & Repairing
Key Financial Data
Market Cap: $83.51B
Current Price: $23.69
P/E Ratio: 5.48
EPS: 12.83
52-Week High: $164.48
Dividend Yield: 7.89%
Revenue: $44.95B
Net Income: $323.31
ROE: 20.7%
Debt-to-Equity: 0.18