- BlackRock’s IBIT ranks third in 2024 with $37B inflows, marking a milestone for Bitcoin ETFs in mainstream investments.
- Vanguard’s VOO leads 2024 ETF rankings with $116B inflows, surpassing its previous record by $65B.
- Total ETF inflows hit $1.14T in 2024, breaking records by $225B, fueled by strong institutional interest and crypto ETF growth.
IBIT, BlackRock’s spot Bitcoin ETF, reached a significant milestone in 2024, occupying third place on the list of the 20 Exchange-Traded Funds. Established in January 2024, the fund attracted $37 billion worth of assets, increasing investors’ interest in digital asset-linked ETFs. This accomplishment positions BlackRock among its peers in a year when ETF capital inflows set new records.
The growth of ETFs in the year 2024 remained significantly high, logistically with a worldwide total inflow of $ 1.14 Trillion. Vanguard S&P 500 ETF (VOO) received the highest funds inflow of $116 billion, just lagging behind iShares S&P 500 ETF (IVV) with an inflow of $86 billion. BlackRock’s IBIT was a major milestone for the cryptocurrency market, as demonstrated that the adoption of digital assets in investment portfolios is becoming deeper.
Record ETF Inflows
BlackRock’s IBIT was not the sole Bitcoin ETF that attracted attention in 2024. Fidelity’s Bitcoin ETF FBTC was also among the top 20 with inflows of $11 billion, ranking 14th. Altogether, these two funds demonstrated that with competitive pressure, there is a growing interest in crypto ETFs.
High net inflows into ETFs observed in 2024 contributed to good performance across nearly all sectors. Despite a steadily declining share of attention, traditional equity ETFs such as VOO and IVV remained on top, while cryptocurrency ETFs had a rapidly growing share of investor attention. Analysts attributed this phenomenon to high market performance and the growing popularity of ETFs as institutional assets.
Growing Bitcoin ETF Demand
BlackRock’s IBIT has been operational since January 11, 2024. Emerging as one of the best-performing ETFs in BlackRock’s portfolio. Investor interest in the ETF appears strong as it gathered $1.5 billion in net asset inflows in its first six trading sessions. This shows the popularity of digital assets as an asset class in the ETF market, given that it made $37 billion in inflows in less than a year.
The success of BlackRock’s IBIT is evident. It performed well in October, ranking fifth among the best-grossing ETFs globally. Interest in Bitcoin ETFs as an investment seems to be steadily maintained with such performance. This allows IBIT and Fidelity’s FBTC to secure the popular position of crypto ETFs in terms of spurring further ETF industry growth.
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