BlackRock’s iShares Bitcoin ETF (IBIT) was recognised as the “Best New ETF” at the etf.com awards on April 23, 2024, with record inflows of $643.2 million. It also secured the title of “Crypto ETP of the Year.” The ETF has net assets of $53.77 billion and has seen significant trading activity amidst macroeconomic uncertainties. VanEck’s ETF (HODL) won the “Best New ETF Ticker” award.
On April 23, 2024, BlackRock’s iShares Bitcoin ETF (IBIT) was awarded the title of “Best New ETF” at the etf.com awards, marking a significant milestone as it received record inflows of $643.2 million—a peak since January 21. Bloomberg’s ETF analyst Eric Balchunas affirmed, “feels right to me,” acknowledging the ETF’s innovative impact on the market.
The IBIT ETF also clinched the accolade for “Crypto ETP of the Year” on the same day it recorded its highest inflows, amid notable market activity. Balchunas compared IBIT’s success to the Vanguard S&P 500 ETF (VOO), which also received recognition as the “ETF of the Year,” reflecting an impressive 89% growth over the past five years, as noted by Google Finance.
Currently, the IBIT fund manages approximately $53.77 billion in net assets and has averaged daily trading of about 45.02 million shares since its launch. As of the most recent data, the ETF’s share price stands at $53.20. Meanwhile, VanEck’s Bitcoin ETF (HODL) was honoured for having the “Best New ETF Ticker.”
IBIT’s substantial inflow constituted the majority of the $917 million flow across all 11 spot Bitcoin ETFs on the same day, indicating investor confidence despite macroeconomic fluctuations. Glassnode highlighted that the previous day’s inflows of $912 million were significantly higher than the typical daily average for 2025, underscoring the ETF’s emergence in a turbulent market.
Investors are advised to approach such financial products with caution, recognising the inherent risks involved in trading and investment decisions. This article does not provide direct investment advice, and thorough research is recommended before engaging in trading activities.
