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

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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.

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