Source: Cointelegraph
Original: “BlackRock Bitcoin (BTC) Fund Attracts $643.2 Million in a Single Day, Awarded Best New ETF”
BlackRock's spot Bitcoin ETF has been awarded the Best New ETF product by etf.com, achieving the highest fund inflow since January 21.
On April 23, BlackRock's iShare Bitcoin ETF (IBIT) won the "Best New ETF" award at the etf.com annual ETF awards ceremony. Bloomberg ETF analyst Eric Balchunas later posted on the X platform stating, "This result makes a lot of sense."
"I’m pretty sure this was my voting choice. Both of these products have achieved unprecedented accomplishments," Balchunas said, also mentioning the Vanguard S&P 500 ETF (VOO), which won the "ETF of the Year" award. According to Google Finance data, VOO has risen 89% over the past five years.
IBIT also received the annual crypto ETP award.
According to Farside data, on the same day IBIT received these two awards, the fund recorded an inflow of $643.2 million. This is the highest single-day inflow since January 21, when the fund attracted $661.9 million. Notably, January 21 was just one day after U.S. President Trump’s inauguration, and the spot price of Bitcoin also reached a historic high of $109,000.
Bitcoin commentator Vivek stated this is "very significant," while Apollo Sats co-founder Thomas Fahrer called it a "massive inflow."
According to BlackRock data, the IBIT fund launched in January 2024 alongside 10 other U.S. spot Bitcoin ETFs, currently holding net assets of approximately $53.77 billion. Over the past 30 days, the fund has averaged a daily trading volume of 45.02 million shares.
According to Google Finance data, at the time of writing, IBIT's trading price per share is $53.20.
Meanwhile, the VanEck Bitcoin ETF (HODL) received the "Best New ETF Code" award.
On April 23, the large inflow into IBIT accounted for the majority of the total inflow of $917 million across all 11 spot Bitcoin ETFs that day. This marks the second consecutive day of inflows exceeding $900 million, despite outflows earlier in the month due to macroeconomic uncertainty.
On April 23, Glassnode noted that the previous day's ETF inflow of $912 million was over 500 times the average daily level for 2025.
Related: Bloomberg: Traders Flood into Leveraged ETFs and Gold to Tackle Market Volatility
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