BlackRock's Bitcoin ETF, the iShares Bitcoin Trust (IBIT),
has quickly gained traction since its launch, ranking among the top five exchange-traded funds in 2024 in terms of inflows.
Impressively, within just 17 days of its introduction, IBIT has attracted $3.2 billion in inflows.
The top positions in ETF inflows for the year are held by well-established funds from iShares and Vanguard,
focusing on the S&P 500 or the total stock market. Currently,
the iShares Core S&P 500 ETF (IVV) leads the pack with $13 billion in inflows,
followed by the Vanguard 500 Index Fund ETF (VOO) with $11.1 billion.
Another notable entry in the top 10 for ETF inflows is Fidelity's Wise Origin Bitcoin Fund (FBTC) with $2.7 billion in inflows.
Despite a slowdown in overall investment in new spot Bitcoin ETFs,
BlackRock’s IBIT and Fidelity’s FBTC have maintained positive flows since hitting the market.
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