Data: BlackRock Bitcoin ETF becomes the third highest fund in terms of inflows among all ETFs in the U.S. in 2024, reaching $26.174 billion

2024-11-08 23:10:33

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ChainCatcher news, according to CryptoSlate, BlackRock's iShares Bitcoin Trust (IBIT) has become the third highest fund in net inflows year-to-date among U.S. ETFs in 2024, attracting $26.174 billion.

As of now, IBIT's year-to-date return is 48.52%, with assets under management reaching $30.1 billion, surpassing many traditional ETFs in both net inflows and performance. Furthermore, IBIT's year-to-date return is nearly twice that of the second highest return among the top ten funds by flow ranking. However, IBIT's total assets under management (AUM) are more than ten times smaller than those of the other top four funds.

Just yesterday, on November 7, IBIT saw a net inflow of $1.1 billion in a single day, a figure that exceeds the annual inflow of all ETFs in the U.S. outside the top 150. This significant inflow surpasses the year-to-date total inflows of most of the approximately 3,300 ETFs in the U.S. market.

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