BlackRock’s Bitcoin ETF achieves legendary status after hitting second-largest inflows for 2024

Share This Post

Quick Take

VettaFI’s data showcases the impressive traction of BlackRock’s IBIT, marking it as the US ETF with the second-largest inflows year to date.

IBIT only trails behind the Vanguard S&P 500 ETF, which has garnered inflows of $21.6 billion year-to-date (YTD), positioning it at the forefront. Notably, despite IBIT’s trading activity spanning merely 50 days, it achieved the ninth-highest inflow in a one-year review.

On a 4-week analysis, IBIT again ranks second with inflows amounting to $7.3 billion, this time following the SPDR S&P 500 ETF Trust, which leads with $21.4 billion, according to VettaFI.

SymbolETF Name1 Week ($MM)4 Week ($MM)YTD ($MM)1 Year ($MM)3 Year ($MM)5 Year ($MM)
VOOVanguard S&P 500 ETF-2,835.757,006.4921,640.6960,597.88134,882.64179,565.43
IBITiShares Bitcoin Trust Registered715.827,348.2313,089.0113,089.0113,089.0113,089.01
VTIVanguard Total Stock Market ETF-649.133,251.869,343.7927,160.8391,957.24145,947.28
FBTCFidelity Wise Origin Bitcoin Fund213.982,877.627,339.887,339.887,339.887,339.88
QQQInvesco QQQ Trust Series I3,045.094,108.807,136.5913,984.5942,035.2657,387.51

Source: VettaFI

CryptoSlate highlighted that IBIT experienced 49 days of continuous inflows, a streak that Eric Balchunas, Senior ETF Analyst for Bloomberg, has now updated to 50 consecutive days. Fidelity’s FBTC and BlackRock’s IBIT have set a record with the longest active streak of daily inflows.

Balchunas further notes that despite its milestone, there’s still a significant gap to surpass the all-time record of 160 days of inflows set by JEPI.

Longest Active Daily Inflows Streak: (Source: Eric Balchunas, Bloomberg Intelligence)
Longest Active Daily Inflows Streak: (Source: Eric Balchunas, Bloomberg Intelligence)

The post BlackRock’s Bitcoin ETF achieves legendary status after hitting second-largest inflows for 2024 appeared first on CryptoSlate.

Read Entire Article
spot_img

Related Posts

SEC Counters Coinbase’s Petition For New Crypto Regulations

The US Securities and Exchange Commission (SEC) has filed a countermotion against Coinbase’s rulemaking petition for the crypto industry In a brief submitted on May 10, the US regulator argues

Ethereum Whale Offloads Holdings Amidst Market Downturn

Ethereum (ETH) tumbled 645% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency Generally, Ether has left investors much to desire in recent times with a

Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms

Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of

Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’

In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while

Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal

Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking This change marks a significant pivot from their

South African Fintech Startup Leseka Tech Signs Deal to Buy Payments Provider for $86M

Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $86 million Under the terms of the agreement, Lesaka
- Advertisement -spot_img