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BlackRock Bitcoin ETF surpassed YTD flows of 3,000 US ETFs in a single day, becomes top 3 ETF BlackRock Bitcoin ETF surpassed YTD flows of 3,000 US ETFs in a single day, becomes top 3 ETF

BlackRock Bitcoin ETF surpassed YTD flows of 3,000 US ETFs in a single day, becomes top 3 ETF

IBIT now third highest fund flow of all US ETFs in 2024 with $26 billion inflows.

BlackRock’s iShares Bitcoin Trust (IBIT) has secured the third-highest year-to-date inflows among US ETFs in 2024, attracting $26.174 billion. With a year-to-date return of 48.52% and assets under management reaching $30.1 billion, IBIT has outperformed many traditional ETFs in both inflows and performance.

Further, IBIT’s YTD return is almost double the next highest from any of the other top 10 ETFs by fund flow. However, IBIT’s total AUM is more than ten times smaller than the other top four funds.

SymbolFund NameFund Flows (YTD)NAV Total Return (YTD)AUM
VOOVanguard S&P 500 ETF88.168 B USD+25.69%562.998 B USD
IVViShares Core S&P 500 ETF57.539 B USD+25.69%547.201 B USD
IBITiShares Bitcoin Trust26.174 B USD+48.52%30.1 B USD
VTIVanguard Total Stock Market ETF22.825 B USD+24.86%456.167 B USD
AGGiShares Core US Aggregate Bond ETF18.713 B USD+1.41%119.176 B USD
QQQInvesco QQQ Trust, Series 117.753 B USD+24.09%296.249 B USD
SPLGSPDR Portfolio S&P 500 ETF16.644 B USD+25.67%49.383 B USD
BNDVanguard Total Bond Market ETF14.507 B USD+1.40%117.433 B USD
CSTNLiShares VII PLC13.149 B USD+25.45%98.25 B USD
VUGVanguard Growth ETF12.848 B USD+29.14%148.824 B USD

Top US ETFs Fund Flows (Source: Trading View)

Yesterday, Nov. 7, in a single day, IBIT experienced an inflow of $1.1 billion, surpassing the annual flows of all but the top 150 ETFs in the United States. This significant influx exceeds the total year-to-date flows of the majority of the approximately 3,300 ETFs available in the US market.

SymbolFund NameFund Flows (YTD)
IYWiShares US Technology ETF1.113 B USD
QLTYThe 2023 ETF Series Trust II GMO US Quality ETF1.113 B USD
SQQQProShares UltraPro Short QQQ1.111 B USD
DFLVDimensional US Large Cap Value ETF1.102 B USD
CGDGCapital Group Dividend Growers ETF1.09 B USD
DIHPDimensional International High Profitability ETF1.083 B USD
AIRRFirst Trust RBA American Industrial Renaissance ETF1.08 B USD
VVSMFVANECK UCITS ETFS PLC SEMICONDUCTOR UCITS ETF A USD1.076 B USD
DFASDimensional U.S. Small Cap ETF1.075 B USD

US ETF YTD inflows matching IBIT daily inflow (Source: Trading View)

The substantial inflows into IBIT emphasize the outsized investor interest in Bitcoin-based financial products. The ETF’s performance reflects a broader trend of increasing acceptance and integration of digital assets within mainstream investment portfolios.

Other top ETFs by inflows include Vanguard S&P 500 ETF (VOO) with $88.168 billion and iShares Core S&P 500 ETF (IVV) with $57.539 billion in year-to-date flows. These funds have year-to-date returns of 25.69%, highlighting the strong performance of equity markets alongside the remarkable gains in digital assets.

IBIT’s ascent in the ETF rankings indicates a shift in investor sentiment, signaling potential long-term implications for the asset management industry. The ETF’s success may encourage more firms to launch Bitcoin-focused products, further integrating digital assets into traditional financial markets.