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BlackRock Bitcoin fund wins best new ETF on $643M inflow day
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.
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.
Related: Bitcoiners should be cautious over rally as stablecoin indicator lags: Analyst
IBIT’s large inflow on April 23 made up most of the $917 million seen across all 11 spot Bitcoin ETFs that day. It was the second day in a row with over $900 million in inflows amid most of the month posting outflow days due to macro uncertainty.
On April 23, Glassnode pointed out that the $912 million ETF inflows the day prior equaled more than 500 times the 2025 daily average.
Magazine: Former Love Island star’s tips on how to go viral in crypto: Van00sa, X Hall of Flame
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.