The BlackRock iShares Bitcoin Trust (IBIT) has emerged as a leading exchange-traded fund (ETF) in 2024. The ETF has surpassed the performance of numerous well-established funds after achieving over $3.19 billion in flows. Despite a delayed start on NASDAQ due to awaiting SEC approval, the BlackRock ETF is now in the top 0.16% of the 3,109 ETFs trading in the United States. Further analysis by Eric Balchunas suggests an even more impressive standing at 0.02% when comparing BlackRock’s ETF performance against an estimated 10,000 ETFs globally.
Source: Wayne Jones, 2024-02-08; https://cryptopotato.com/blackrock-bitcoin-etf-soars-to-top-5-in-inflows-for-2024/