BlackRock's Bitcoin ETF Inflows Climb to Fifth-Highest Among All ETFs in 2024

BlackRock's iShares Bitcoin Trust (IBIT) has become one of the top five exchange-traded funds (ETFs) of 2024 based on inflows.


BlackRock's IBIT Ranks 5th in ETF Inflows

According to data from Bloomberg Intelligence, the BlackRock iShares Bitcoin Trust (IBIT) has quickly risen to become one of the top five ETFs in terms of inflows in 2024. Within just 17 days of its launch, IBIT has already received $3.2 billion in inflows this year.

The only funds that have surpassed IBIT's inflows are longstanding index ETFs from iShares and Vanguard that offer exposure to the S&P 500 or the total stock market. The iShares Core S&P 500 ETF (IVV) holds the first place with $13 billion in inflows and $428 billion in assets-under-management (AUM). The Vanguard 500 Index Fund ETF (VOO) takes the second position with $11.1 billion in inflows and nearly $398 billion in AUM.

Fidelity's Wise Origin Bitcoin Fund Also Gains Traction

In addition to BlackRock's IBIT, Fidelity's Wise Origin Bitcoin Fund (FBTC) has also made it into the top 10 ETF asset gatherers of the year. FBTC has seen $2.7 billion in inflows, placing it in the eighth position on the list.

While the investment into new spot bitcoin ETFs has slowed down recently, both BlackRock's IBIT and Fidelity's FBTC have continued to receive positive flows since entering the market.

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Helene Braun is a news reporter at CoinDesk, covering the criminal trial of crypto mogul Sam Bankman-Fried. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks. Helene holds BTC and ETH.