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BlackRock’s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan. 21.  On April 23, BlackRock’s iShare Bitcoin ETF (IBIT) was awarded the “Best New ETF” at the annual etf.com ETF awards. In an X post shortly after, Bloomberg ETF analyst Eric Balchunas said it “feels right to me.” IBIT clocks highest inflows in three months “I’m pretty sure this is how I voted. Both of them did things no one has seen [before],” Balchunas said, also referencing the Vanguard S&P 500 ETF (VOO) winning the “ETF of the Year” award. Over the past 5 years, VOO is up 89%, according to Google Finance data. IBIT was also the recipient of the Crypto ETP of the year. IBIT’s two awards came on the same day IBIT recorded $643.2 million in inflows, according to Farside data. It was the highest inflow day since Jan. 21, when it saw $661.9 million, just a day after US President Donald Trump’s inauguration, when Bitcoin’s spot price hit an all-time high of $109,000. Bitcoin is trading at $93,290 at the time of publication. Source: CoinMarketCap Bitcoin commentator Vivek said this “is massive,” while Apollo Sats co-founder Thomas Fahrer said, “Huge inflow.” The IBIT fund, which launched in January 2024 alongside 10 other US-based spot Bitcoin ETFs, has net assets of approximately $53.77 billion, according to BlackRock data. Over the past 30 days, it has traded, on average, 45.02 million shares per day.  At the time of publication, a single IBIT share is trading at $53.20, as per Google Finance data. The iShares Bitcoin Trust ETF is up 6.02% over the past month. Source: Google Finance Meanwhile, VanEck Bitcoin ETF (HODL) received the award for “Best new ETF ticker.” Related: Bitcoiners should be cautious…

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Filed under: News - @ April 24, 2025 8:19 pm