BlackRock, Fidelity dominate Bitcoin ETF market

BlackRock's IBIT and Fidelity's FBTC are rapidly consolidating the Bitcoin ETF market, attracting the vast majority of new investment. This trend is sidelining smaller competitors as institutional investors increasingly favor these two major players. The concentration of assets suggests a significant shift in how capital is being allocated within the digital asset space. This consolidation could impact market liquidity and the competitive landscape for future cryptocurrency investment products.