Just 17 days after its launch, BlackRock iShares Bitcoin Trust (IBIT) ranked among the top five exchange-traded funds in 2024 based on inflows, according to data from Bloomberg Intelligence.

IBIT’s year-to-date inflows of $3.2 billion (approximately 480 billion yen, exchanged at 150 yen to the dollar) were surpassed by iShares and Vanguard, which offer exposure to the S&P 500 or the entire stock market. Only long-established index ETFs. The iShares Core S&P 500 ETF (IVV), ranked No. 1, has seen $13 billion in inflows so far this year and has $428 billion in assets under management. In second place is the Vanguard 500 Index Fund ETF (VOO), with inflows of $11.1 billion and total assets under management of approximately $398 billion.

This year, Fidelity’s Wise Origin Bitcoin Fund (FBTC) was also among the top 10 ETFs in terms of inflows this year, coming in at No. 8 with $2.7 billion in inflows.

While these are impressive results for a new ETF, overall investment in all new Bitcoin physical ETFs has slowed in recent days. However, only two, BlackRock’s IBIT and Fidelity’s FBTC, have consistently recorded positive inflows since entering the market.

｜Translation and editing: Rinan Hayashi
｜Image: Jim.henderson/Wikimedia Commons
｜Original text: BlackRock’s Bitcoin ETF Inflows Climb to Fifth-Highest Among All ETFs in 2024