Only
17
days
after
its
launch,
the
BlackRock
iShares
Bitcoin
Trust
(IBIT)
has
become
one
of
the
top
five
exchange-traded
funds
(ETFs)
of
2024
based
on
inflows,
according
to
data
from
Bloomberg
Intelligence.
The
only
funds
that
have
topped
IBIT’s
$3.2
billion
of
year-to-date
inflows
are
mammoth
longstanding
index
ETFs
from
iShares
and
Vanguard
that
offer
exposure
to
the
S&P
500
or
the
total
stock
market.
In
the
number
one
spot
with
$13
billion
in
inflows
thus
far
this
year
is
the
iShares
Core
S&P
500
ETF
(IVV),
which
has
a
whopping
$428
billion
in
assets-under-management
(AUM).
Number
two
with
$11.1
billion
in
inflows
is
the
Vanguard
500
Index
Fund
ETF
(VOO),
which
has
nearly
$398
billion
in
AUM.
Also
earning
a
spot
in
the
top
10
of
ETF
asset
gatherers
this
year
is
Fidelity’s
Wise
Origin
Bitcoin
Fund
(FBTC),
whose
$2.7
billion
of
inflows
places
it
eighth
on
the
list.
While
those
are
impressive
achievements
for
new
funds,
overall
investment
into
all
of
the
new
spot
bitcoin
ETFs
has
slowed
in
recent
days.
BlackRock’s
IBIT
and
Fidelity’s
FBTC,
however,
remain
the
only
two
funds
that
have
continuously
seen
positive
flows
since
going
on
the
market.