Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-crypto.com
April 24, 2025 at 06:39
Bitcoin Soars as BlackRock's ETF Breaks Records with $643 Million Inflows
BlackRock's iShare Bitcoin ETF (IBIT) has made headlines by being awarded the title of "Best New ETF" during the annual etf.com ETF awards.
The recognition comes alongside a remarkable day for the fund, which saw $643.2 million in inflows, marking the highest inflow day since January 21.
Bloomberg ETF analyst Eric Balchunas expressed his enthusiasm on social media, highlighting the uniqueness of both the IBIT and the Vanguard S&P 500 ETF noted for its significant performance.
After its launch in January 2024, IBIT has quickly amassed net assets of approximately $53.77 billion.
On average, the ETF has traded around 45.02 million shares per day over the past month, showcasing substantial investor interest.
A single IBIT share is currently priced at $53.20, indicating strong market performance.
In addition to the "Best New ETF" title, IBIT also received the award for Crypto ETP of the Year.
This latest influx has contributed significantly to the overall $917 million recorded across 11 spot Bitcoin ETFs on that same day.
This surge follows a trend of heightened inflows, as the previous day also witnessed over $900 million, amid broader market uncertainty.
As Bitcoin continues to capture investor attention, the performance of BlackRock's ETF could influence future trends in the cryptocurrency space.
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