The Securities and Exchange Commission (SEC) approved 11 new spot Bitcoin (CRYPTO: BTC) ETFs earlier this month; two stand out as clear winners among the group.

The iShares Bitcoin Trust (NASDAQ: IBIT) from Blackrock (NYSE: BLK) was the first to reach $1 billion in assets under management less than one week after its launch. The Fidelity Wise Origin Bitcoin Fund (NYSEMKT: FBTC) followed close behind, reaching the milestone the next day. Two weeks into the start of trading of this new breed of Bitcoin ETFs, the two leaders account for about 70% of all inflows.

In other words, the market is showing a clear preference for the Bitcoin ETFs from Blackrock and Fidelity over the competition. Should you follow the wisdom of the crowd, or are there better options?

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Source Fool.com