BlackRock’s Bitcoin ETF achieves legendary status after hitting second-largest inflows for 2024

Quick Take

VettaFI’s data showcases the impressive traction of BlackRock’s IBIT, marking it as the US ETF with the second-largest inflows year to date.

IBIT only trails behind the Vanguard S&P 500 ETF, which has garnered inflows of $21.6 billion year-to-date (YTD), positioning it at the forefront. Notably, despite IBIT’s trading activity spanning merely 50 days, it achieved the ninth-highest inflow in a one-year review.

On a 4-week analysis, IBIT again ranks second with inflows amounting to $7.3 billion, this time following the SPDR S&P 500 ETF Trust, which leads with $21.4 billion, according to VettaFI.

Symbol ETF Name 1 Week ($MM) 4 Week ($MM) YTD ($MM) 1 Year ($MM) 3 Year ($MM) 5 Year ($MM)
VOO Vanguard S&P 500 ETF -2,835.75 7,006.49 21,640.69 60,597.88 134,882.64 179,565.43
IBIT iShares Bitcoin Trust Registered 715.82 7,348.23 13,089.01 13,089.01 13,089.01 13,089.01
VTI Vanguard Total Stock Market ETF -649.13 3,251.86 9,343.79 27,160.83 91,957.24 145,947.28
FBTC Fidelity Wise Origin Bitcoin Fund 213.98 2,877.62 7,339.88 7,339.88 7,339.88 7,339.88
QQQ Invesco QQQ Trust Series I 3,045.09 4,108.80 7,136.59 13,984.59 42,035.26 57,387.51

Source: VettaFI

CryptoSlate highlighted that IBIT experienced 49 days of continuous inflows, a streak that Eric Balchunas, Senior ETF Analyst for Bloomberg, has now updated to 50 consecutive days. Fidelity’s FBTC and BlackRock’s IBIT have set a record with the longest active streak of daily inflows.

Balchunas further notes that despite its milestone, there’s still a significant gap to surpass the all-time record of 160 days of inflows set by JEPI.

Longest Active Daily Inflows Streak: (Source: Eric Balchunas, Bloomberg Intelligence)
Longest Active Daily Inflows Streak: (Source: Eric Balchunas, Bloomberg Intelligence)

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