Just 17 days after its launch, the BlackRock iShares Bitcoin Trust (IBIT) has become one of the top five exchange-traded funds (ETFs) of 2024 based on inflows, according to data from Bloomberg Intelligence.
The only funds that have surpassed IBIT's $3.2 billion in inflows year-to-date are giant, long-standing index ETFs from iShares and Vanguard, which offer exposure to the S&P 500 or the overall stock market. Leading the way, with $13 billion in inflows so far this year, is the iShares Core S&P 500 ETF (IVV), which has a whopping $428 billion in assets under management (AUM). Number two with inflows of $11.1 billion is the Vanguard 500 Index Fund ETF (VOO), which has nearly $398 billion in assets under management.
Fidelity's Wise Origin Bitcoin Fund (FBTC), which ranks among the top 10 ETF asset collectors this year, also takes eighth place on the list with $2.7 billion in inflows.
While these are impressive achievements for new funds, overall investments in all new spot Bitcoin ETFs have declined in recent days. However, BlackRock's IBIT and Fidelity's FBTC remain the only two funds that have consistently seen positive inflows since launch.
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