{"id":127851,"date":"2025-04-24T07:17:27","date_gmt":"2025-04-24T07:17:27","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127851"},"modified":"2025-04-24T07:17:27","modified_gmt":"2025-04-24T07:17:27","slug":"blackrock-bitcoin-fund-wins-best-new-etf-on-643m-inflow-day","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127851","title":{"rendered":"BlackRock Bitcoin fund wins best new ETF on $643M inflow day"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBlackRock\u2019s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan. 21.\u00a0<br \/>\nOn April 23, BlackRock\u2019s iShare Bitcoin ETF (IBIT) was awarded the \u201cBest New ETF\u201d at the annual etf.com ETF awards. In an X post shortly after, Bloomberg ETF analyst Eric Balchunas said it \u201cfeels right to me.\u201d<br \/>\nIBIT clocks highest inflows in three months<br \/>\n\u201cI\u2019m pretty sure this is how I voted. Both of them did things no one has seen [before],\u201d Balchunas said, also referencing the Vanguard S&amp;P 500 ETF (VOO) winning the \u201cETF of the Year\u201d award. Over the past 5 years, VOO is up 89%, according to Google Finance data.<br \/>\nIBIT was also the recipient of the Crypto ETP of the year.<br \/>\nIBIT\u2019s two awards came on the same day IBIT recorded $643.2 million in inflows, according to Farside data. It was the highest inflow day since Jan. 21, when it saw $661.9 million, just a day after US President Donald Trump\u2019s inauguration, when Bitcoin\u2019s spot price hit an all-time high of $109,000.<br \/>\nBitcoin is trading at $93,290 at the time of publication. Source: CoinMarketCapBitcoin commentator Vivek said this \u201cis massive,\u201d while Apollo Sats co-founder Thomas Fahrer said, \u201cHuge inflow.\u201d<br \/>\nThe IBIT fund, which launched in January 2024 alongside 10 other US-based spot Bitcoin ETFs, has net assets of approximately $53.77 billion, according to BlackRock data. Over the past 30 days, it has traded, on average, 45.02 million shares per day.\u00a0<br \/>\nAt the time of publication, a single IBIT share is trading at $53.20, as per Google Finance data.<br \/>\nThe iShares Bitcoin Trust ETF is up 6.02% over the past month. Source: Google FinanceMeanwhile, VanEck Bitcoin ETF (HODL) received the award for \u201cBest new ETF ticker.\u201d<br \/>\nRelated: Bitcoiners should be cautious over rally as stablecoin indicator lags: Analyst<br \/>\nIBIT\u2019s large inflow on April 23 made up most of the $917 million seen across all 11 spot Bitcoin ETFs that day. It was the second day in a row with over $900 million in inflows amid most of the month posting outflow days due to macro uncertainty.<br \/>\nOn April 23, Glassnode pointed out that the $912 million ETF inflows the day prior equaled more than 500 times the 2025 daily average.<br \/>\nMagazine: Former Love Island star\u2019s tips on how to go viral in crypto: Van00sa, X Hall of Flame<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/blackrock-ishare-bitcoin-etf-wins-best-etf-massive-inflow-day-crypto?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBlackRock\u2019s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan. 21.\u00a0 On April 23, BlackRock\u2019s&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127851"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127851"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127851\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127851"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}