In a ranking of the top 20 exchange-traded funds (ETFs) in 2024, BlackRock’s spot Bitcoin ETF, IBIT, came in third. In a post shared by Eric Balchunas, Bloomberg’s senior ETF analyst on X, IBIT made the top three cut with a total flow of $37 billion. This is as other ETF products also posted record-breaking capital inflows.
BlackRock joins ETF market leaders in 2024
The top performers included Vanguard S&P 500 ETF (VOO), which achieved $116 billion in inflows. As number one, VOO flipped its previous record by $65 billion, signaling its attraction to institutional investors. Following that was iShares Core S&P 500 ETF (IVV), which came in second with $86 billion in inflows.
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Here's final 2024 Top 20 ETF Leaderboard: $VOO ended w/ $116b which is $65b beyond old record (absurd). $IVV closed strong w $89b (bc used more than $SPY for TLH?). $IBIT took 3rd spot w $37b (still <1yr old!). Total flows at $1.14T, which broke old record by 25%, or $225b..🔥🔥 pic.twitter.com/RRCbHEAN9Q
— Eric Balchunas (@EricBalchunas) January 2, 2025
Despite being launched less than a year ago, BlackRock’s IBIT secured the third spot. The $37 billion inflows suggest strong interest from investors in digital assets.
The only other spot Bitcoin ETF product that made it into the top 20 elite clubs was Fidelity’s FBTC. Its inflow of $11 billion helped it secure the 14th position in the ranking.
Overall, exchange-traded funds attracted $1.14 trillion, surpassing the previous record by $225 billion or 25%. This surge highlights the increasing investor interest in ETF,possibly driven by strong performances from established players such as BlackRock.
Implications for Bitcoin ETF market
In 2024, Farside Investors data revealed BlackRock and Fidelity leading in inflows. Sometimes, the duo registers a streak of inflows for weeks and helps ensure the Bitcoin ETF market stays in the green.
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BlackRock’s ability to secure the third spot aligns with its performance in October when it made the top five global ETF list. Notably, IBIT was cut after enjoying massive inflows of $1.5 billion in just six trading days.
Analysts consider BlackRock’s performance record-shattering, given that the product was launched Jan. 11, 2024. The rapid growth signals how huge the digital product has become among investors in the ETF ecosystem.