BlackRock’s IBIT Bitcoin ETF Becomes the Best Fund by Inflow

BlackRock’s U.S. spot bitcoin fund iShares Bitcoin Trust (IBIT) has become the best-performing ETF of the last decade, raising more than $36 billion, beating out nearly 2,850 funds.

IBIT has had more net inflows than any other ETF launched since 2014. And that’s in just 11 months, said Nate Geraci, CEO of The ETF Store.

IBIT has raised about $36.3 billion since its launch, according to Farside Investors. That’s more than the $36.2 billion raised by all other U.S. spot BTC ETFs combined. It’s also nearly three times the $12.4 billion that Fidelity’s FBTC, the second-largest ETF, has raised.

IBIT also became the record holder for daily inflows among other BTC ETFs. In one day, the BlackRock fund attracted more than $1.1 billion from investors. This is twice as much as the maximum amount of $473.4 million received by Fidelity's FBTC.

Bloomberg senior stock analyst Eric Balchunas noted that the total volume of assets under management of these funds reached $130 billion, exceeding the $128 billion managed by gold-based ETFs.