BlackRock’s Bitcoin ETF Just Achieved Tremendous Milestone
Emily HarrisBlackRock's iShares Bitcoin Trust ETF Tops U.S. Leaderboard
BlackRock's iShares Bitcoin Trust ETF (IBIT) has claimed the top position on the U.S. leaderboard, as reported by Bloomberg's Eric Balchunas. The ETF has drawn an impressive $8 billion in investments in just over a month, fueling Bitcoin's recent price surge to record highs.
David Lawant, FalconX's head of research, notes this may mark the first instance where Bitcoin reached new highs while ETF flows outpaced spot flows. This trend signals rising institutional interest in Bitcoin through regulated investment channels.
The iShares 20+ Year Treasury Bond ETF (TLT) and First Trust Long/Short Equity ETF (FTLS) follow in second and third place, with inflows of $851 million and $808 million respectively.
IBIT's rapid ascent has even eclipsed the Vanguard S&P 500 ETF (VOO), a long-standing market leader for exposure to top U.S. companies. While VOO maintains its dominance in weekly and monthly rankings, IBIT's explosive growth demonstrates escalating demand for Bitcoin investment products.
This milestone highlights cryptocurrency's growing acceptance as a legitimate asset class, with investors increasingly turning to regulated ETFs for exposure.
