Skip to content
- BlackRock’s iShares Bitcoin Trust (IBIT) recorded $643.2M in net inflows, marking its largest single-day inflow since January.
- IBIT won “Best New ETF” and “Crypto ETP of the Year” at the 2024 ETF Awards, solidifying its position in the digital asset market.
- IBIT’s strong performance highlights rising institutional interest in Bitcoin, with over $53.77B in assets under management.
BlackRock’s iShares Bitcoin Trust (IBIT) not only won top industry honors but also shattered recent inflow records, signaling rising institutional confidence in Bitcoin exposure.
BlackRock’s IBIT, the asset manager’s flagship spot Bitcoin ETF, was crowned “Best New ETF” at the prestigious ETF.com 2024 ETF Awards, a recognition that cements its status as a breakout financial product in the digital asset investment space. The fund also scooped up “Crypto ETP of the Year,” further underscoring its impact just months after launch.
The accolades came on the same day IBIT recorded $643.2 million in net inflows, according to data from Farside. It marks its largest single-day inflow since January 21, when it saw $661.9 million in inflows amid a post-inauguration Bitcoin price rally that sent BTC to a record $109,000.
At the time of writing, Bitcoin is trading at $ 92,339 with a 24-hour trading volume of $ 51.62B and a market cap of $ 1.83T. The BTC price decreased -1.91% in the last 24 hours.
BlackRock IBIT Named ETF of the Year
Bloomberg ETF analyst Eric Balchunas commented on X (formerly Twitter), saying the award “feels right to me,” noting that both IBIT and the Vanguard S&P 500 ETF (VOO), which won “ETF of the Year,” had done things “no one has seen before.” Over the past five years, VOO has posted an 89% return, highlighting the significance of the awards in both traditional and digital finance.
Meanwhile, VanEck’s Bitcoin ETF (HODL) received the award for “Best New ETF Ticker,” reflecting the growing creativity and branding savvy in the ETF space.
With approximately $53.77 billion in assets under management and an average of 45 million shares traded daily, BlackRock’s IBIT has quickly established itself as a liquidity giant and a go-to vehicle for Bitcoin exposure in regulated markets.
At the time of writing, IBIT is trading at $53.20 per share, per Google Finance.
BlackRock IBIT Leads Bitcoin ETFs with 900 Million Inflows
The significance of April 23 extends beyond BlackRock’s achievement. Across the board, all 11 U.S.-listed spot Bitcoin ETFs pulled in a combined $917 million, marking the second consecutive day of inflows topping $900 million. This comes in stark contrast to the general trend throughout April, which has seen mostly net outflows driven by macroeconomic uncertainty and shifting risk sentiment.
Analytics firm Glassnode noted that the previous day’s $912 million inflow volume was equivalent to over 500 times the 2025 daily average, offering a stunning visualization of how rapidly institutional appetite for Bitcoin is rebounding.
Commentators across the Bitcoin community lauded the moment. “This is massive,” said Bitcoin analyst Vivek, while Thomas Fahrer, co-founder of Apollo Sats, called it a “huge inflow.”
Launched in January 2024 alongside ten other spot Bitcoin ETFs after a historic SEC approval wave, BlackRock’s IBIT has quickly become the poster child of institutional crypto adoption.
The message from markets is clear: when the world’s largest asset manager makes a serious move into Bitcoin and gets rewarded both by inflows and industry awards, Wall Street is paying attention.
Related | XRP Price Surge as Crypto Market Hits 2.93 Trillion Milestone
