BlackRock Bitcoin fund wins best new ETF on $643M inflow day
BlackRock’s iShare Bitcoin ETF (IBIT) was awarded “Best New ETF” at the etf.com annual awards on April 23, alongside receiving the “Crypto ETP of the Year” title. IBIT recorded $643.2 million in inflows, the highest since January 21, contributing significantly to a total of $917 million across all 11 spot Bitcoin ETFs that day. The fund, launched in January 2024, has net assets of approximately $53.77 billion and trades an average of 45.02 million shares daily. A single IBIT share is currently priced at $53.20. The Vanguard S&P 500 ETF (VOO) won “ETF of the Year,” having increased by 89% over the past five years. VanEck Bitcoin ETF (HODL) received the award for “Best new ETF ticker.” Recent inflows occurred amid macroeconomic uncertainty, with prior days showing significant outflows.
