As noted by ETF analyst Eric Balchunas, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has now made it to the top 5 exchange-traded funds (ETFs) by year-to-date inflows.
The extremely successful product has now attracted close to $9 billion in YTD inflows.
Notably, IBIT was in 47th place in terms of inflows last month. Over the past month alone, however, they attracted more than $6.5 billion worth of inflows.
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“As gold and cash ETFs slip down, the leaderboard is slowly turning back into 2024,” he said.
At the current rate, IBIT is now on track to become the second-biggest ETF in terms of inflows by July 4.