BlackRock Bitcoin ETF surpassed YTD flows of 3,000 US ETFs in a single day, becomes top 3 ETF

BlackRock’s iShares Bitcoin Trust (IBIT) has secured the third-highest year-to-date inflows among US ETFs in 2024, attracting $26.174 billion. With a year-to-date return of 48.52% and assets under management reaching $30.1 billion, IBIT has outperformed many traditional ETFs in both inflows and performance.

Further, IBIT’s YTD return is almost double the next highest from any of the other top 10 ETFs by fund flow. However, IBIT’s total AUM is more than ten times smaller than the other top four funds.

Symbol
Fund Name
Fund Flows (YTD)
NAV Total Return (YTD)
AUM

VOO
Vanguard S&P 500 ETF
88.168 B USD
+25.69%
562.998 B USD

IVV
iShares Core S&P 500 ETF
57.539 B USD
+25.69%
547.201 B USD

IBIT
iShares Bitcoin Trust
26.174 B USD
+48.52%
30.1 B USD

VTI
Vanguard Total Stock Market ETF
22.825 B USD
+24.86%
456.167 B USD

AGG
iShares Core US Aggregate Bond ETF
18.713 B USD
+1.41%
119.176 B USD

QQQ
Invesco QQQ Trust, Series 1
17.753 B USD
+24.09%
296.249 B USD

SPLG
SPDR Portfolio S&P 500 ETF
16.644 B USD
+25.67%
49.383 B USD

BND
Vanguard Total Bond Market ETF
14.507 B USD
+1.40%
117.433 B USD

CSTNL
iShares VII PLC
13.149 B USD
+25.45%
98.25 B USD

VUG
Vanguard Growth ETF
12.848 B USD
+29.14%
148.824 B USD

Top US ETFs Fund Flows (Source: Trading View)

Yesterday, Nov. 7, in a single day, IBIT experienced an inflow of $1.1 billion, surpassing the annual flows of all but the top 150 ETFs in the United States. This significant influx exceeds the total year-to-date flows of the majority of the approximately 3,300 ETFs available in the US market.

Symbol
Fund Name
Fund Flows (YTD)

IYW
iShares US Technology ETF
1.113 B USD

QLTY
The 2023 ETF Series Trust II GMO US Quality ETF
1.113 B USD

SQQQ
ProShares UltraPro Short QQQ
1.111 B USD

DFLV
Dimensional US Large Cap Value ETF
1.102 B USD

CGDG
Capital Group Dividend Growers ETF
1.09 B USD

DIHP
Dimensional International High Profitability ETF
1.083 B USD

AIRR
First Trust RBA American Industrial Renaissance ETF
1.08 B USD

VVSMF
VANECK UCITS ETFS PLC SEMICONDUCTOR UCITS ETF A USD
1.076 B USD

DFAS
Dimensional U.S. Small Cap ETF
1.075 B USD

US ETF YTD inflows matching IBIT daily inflow (Source: Trading View)

The substantial inflows into IBIT emphasize the outsized investor interest in Bitcoin-based financial products. The ETF’s performance reflects a broader trend of increasing acceptance and integration of digital assets within mainstream investment portfolios.

Other top ETFs by inflows include Vanguard S&P 500 ETF (VOO) with $88.168 billion and iShares Core S&P 500 ETF (IVV) with $57.539 billion in year-to-date flows. These funds have year-to-date returns of 25.69%, highlighting the strong performance of equity markets alongside the remarkable gains in digital assets.

IBIT’s ascent in the ETF rankings indicates a shift in investor sentiment, signaling potential long-term implications for the asset management industry. The ETF’s success may encourage more firms to launch Bitcoin-focused products, further integrating digital assets into traditional financial markets.

The post BlackRock Bitcoin ETF surpassed YTD flows of 3,000 US ETFs in a single day, becomes top 3 ETF appeared first on CryptoSlate.

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