BlackRock’s iShares Bitcoin Trust ETF (IBIT) has received accolades for both Best New ETF and Crypto ETP of the Year, thanks to its rapid asset growth since January 2024, accumulating $50 billion. Analysts noted the ETF’s record inflows far surpass those of competitors, showcasing its leading position in the market.
In a remarkable achievement, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has been awarded both the title of “Best New ETF” and “Crypto ETP of the Year.” This news was highlighted by Nate Geraci, President of the ETF Store, who noted the impressive speed at which IBIT has gathered assets, outshining other Bitcoin ETFs. Since its launch in January 2024, the fund has amassed a staggering $50 billion, making it the fastest-growing Bitcoin ETF on the market.
Bloomberg’s ETF analyst Eric Balchunas expressed that the award outcome was fitting, especially highlighting the success of both IBIT and the Vanguard S&P 500 ETF (VOO), which has also marked a historical year for ETFs. Balchunas remarked on Twitter, “Feels right to me. I’m pretty sure this is how I voted. Both of them did things no one has seen before.” Meanwhile, VOO snagged the “ETF of the Year” award, showcasing a strong performance in both traditional and crypto-focused funds. In addition, the VanEck Bitcoin ETF (HODL) received recognition for the “Best New ETF Ticker.”
Geraci previously called IBIT’s launch “the greatest launch in ETF history,” indicating it could potentially eclipse SPDR Gold Shares if Bitcoin maintains a stable price. Another Bloomberg analyst, James Seyffart, noted that IBIT’s rapid asset growth has surpassed all ETFs across various sectors—be it equity, fixed income, or commodities.
As of now, IBIT continues to dominate the spot Bitcoin ETF space with an astounding $2.7 billion in year-to-date (YTD) inflows. By comparison, Grayscale’s BTC product and Ark Invest’s ARKB have reported YTD inflows of only $380 million and $410 million respectively, while Grayscale’s GBTC has faced $1.18 billion in outflows. The latest weekly data shows IBIT leading again, with a significant $800 million in net inflows, while ARKB managed $269.98 million. This highlights how IBIT remains the go-to option for investors wanting to engage with Bitcoin ETFs.
