BlackRock’s exchange-traded spot Bitcoin fund was named by etf.com as the best new ETF, after it saw its largest inflows recorded since January 21.
BlackRock’s iShare ETF Bitcoin (IBIT) debuted on April 23. awarded You can also find out more about the following: “Best New ETF” At the annual etf.com awards. The X post Bloomberg ETF analyst Eric Balchunas claimed that it was shortly thereafter. “feels right to me.”
IBIT records highest IBIT inflows for three months
“I’m pretty sure this is how I voted. Both of them did things no one has seen [before],” Balchunas said, also referencing the Vanguard S&P 500 ETF (VOO) winning the “ETF of the Year” award. VOO has grown 89% in the last 5 years. according Google Finance Data
IBIT also received the Crypto ETP Award for the Year.
IBIT received two awards on the day it recorded inflows of $643,2 million. according Farside Data. This was the biggest inflow of money since Jan. 21 when there were $661.9 Million. It happened just after US President Donald Trump’s inauguration when Bitcoin’s Spot Price hit a record high $109,000.
Bitcoin commentator Vivek said You can also find out more about this by clicking here. “is massive,” Thomas Driver, co-founder of Apollo Sats said, “Huge inflow.”
IBIT Fund, launched along with 10 other US-based Bitcoin ETFs on January 20, 2024 has net assets in the amount of $53,77 billion. according BlackRock’s data. In the last 30 days it traded an average of 45.02 millions shares each day.
A single IBIT shares is currently trading for $53.20. per Google Finance data.
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IBIT’s huge inflow of $917 Million on the 23rd April made up the majority of all 11 Bitcoin spot ETFs’ total that day. This was the second consecutive day with an inflow of over $900,000,000, despite most of the month seeing outflows due to macro-uncertainty.
Glassnode reported that on April 23 Glassnode noted the ETF flows of $912 Million the previous day equaled to more than 500 times the 2025 daily average.
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Source: cointelegraph.com
