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In a ranking of the top 20 exchange-traded funds (ETFs) in 2024, BlackRock's spot Bitcoin ETF, He will goAnd came in third place. In a mail Shared by Eric Balchunas, senior ETF analyst at Bloomberg on X, IBIT rounded out the top three with a total inflow of $37 billion. This is as other ETF products also recorded record capital inflows.
BlackRock joins the ETF market leaders in 2024
Top artists included Vanguard S&P 500 ETF (VOO), which generated $116 billion in inflows. As number one, VOO overturned its previous record by $65 billion, indicating its appeal to institutional investors. Next was the iShares Core S&P 500 ETF (IVV), which came in second with $86 billion in inflows.
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Despite launching less than a year ago, BlackRock's IBIT took third place. Inflows of $37 billion indicate strong investor interest in digital assets.
The only other Bitcoin ETF product to make it into the elite top 20 club was Fidelity's FBTC. Its inflow of $11 billion helped it secure the 14th position in the rankings.
Overall, ETFs attracted $1.14 trillion, surpassing the previous record by $225 billion, or 25%. This rise highlights growing investor interest in ETFs, perhaps due to strong performance from established players like BlackRock.
Implications for the Bitcoin ETF Market
In 2024, Persian investors Data It revealed that BlackRock and Fidelity are leading the inflows. Sometimes, the duo records a series of flows for weeks and helps ensure that the Bitcoin ETF market remains in the green zone.
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BlackRock's ability to secure third place is consistent with its performance in October when it achieved third place List of the top five global investment funds. Notably, IBIT was reduced after enjoying massive inflows of $1.5 billion in just six trading days.
Analysts consider BlackRock's performance to be record-breaking, given that the product was launched on January 11, 2024. The rapid growth indicates how popular the digital product is among investors in the ETF ecosystem.
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