As noted by ETF analyst Eric Balchunas, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has now made it to the top 5 exchange-traded funds (ETFs) by year-to-date inflows.
The extremely successful product has now attracted close to $9 billion in YTD inflows.
Notably, IBIT was in 47th place in terms of inflows last month. Over the past month alone, however, they attracted more than $6.5 billion worth of inflows.
“As gold and cash ETFs slip down, the leaderboard is slowly turning back into 2024,” he said.
At the current rate, IBIT is now on track to become the second-biggest ETF in terms of inflows by July 4.
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