Blackrock’s Ishares Bitcoin Trust (IBIT) has rapidly ascended to the upper ranks of the exchange-traded funds (ETFs) market, landing among the top five in terms of 2024 inflows in just 17 days, showcasing the burgeoning investor interest in cryptocurrency as a legitimate asset class.
Blackrock’s Bitcoin ETF Inflows Greater Than 99.98% of ETFs This Year
Blackrock’s Ishares Bitcoin Trust has ascended to the upper echelons of ETFs based on year-to-date inflows, landing a spot among the top five just 17 days post-launch.
Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted this achievement on X, noting that IBIT had attracted more cash than 99.98% of ETFs, a staggering feat for a fund that’s barely over two weeks old. Some of this influx of investment can