Blackrock’s Bitcoin ETF Rockets to Top Five in 2024 ETF Inflows After Just 17 Days

Blackrock’s Bitcoin ETF Rockets to Top Five in 2024 ETF Inflows After Just 17 Days


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.

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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

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