BlackRock Bitcoin ETF surpassed YTD flows of 3,000 US ETFs in a single day, becomes top 3 ETF

BlackRock’s iShares Bitcoin Trust (IBIT) has secured the third-highest year-to-date inflows among US ETFs in 2024, attracting $26.174 billion. With a year-to-date return of 48.52% and assets under management reaching $30.1 billion, IBIT has outperformed many traditional ETFs in both inflows and performance.

Further, IBIT’s YTD return is almost double the next highest from any of the other top 10 ETFs by fund flow. However, IBIT’s total AUM is more than ten times smaller than the other top four funds.

Symbol Fund Name Fund Flows (YTD) NAV Total Return (YTD) AUM VOO Vanguard S&P 500 ETF 88.168 B USD +25.69% 562.998 B USD IVV iShares Core S&P 500 ETF 57.539 B USD +25.69% 547.201 B USD IBIT iShares Bitcoin Trust 26.174 B USD +48.52% 30.1 B USD VTI Vanguard Total Stock Market ETF 22.825 B USD +24.86% 456.167 B USD AGG iShares Core US Aggregate Bond ETF 18.713 B USD +1.41% 119.176 B USD QQQ Invesco QQQ Trust, Series 1 17.753 B USD +24.09% 296.249 B USD SPLG SPDR Portfolio S&P 500 ETF 16.644 B USD +25.67% 49.383 B USD BND Vanguard Total Bond Market ETF 14.507 B USD +1.40% 117.433 B USD CSTNL iShares VII PLC 13.149 B USD +25.45% 98.25 B USD VUG Vanguard Growth ETF 12.848 B USD +29.14% 148.824 B USD

Top US ETFs Fund Flows (Source: Trading View)

Yesterday, Nov. 7, in a single day, IBIT experienced an inflow of $1.1 billion, surpassing the annual flows of all but the top 150 ETFs in the United States. This significant influx exceeds the total year-to-date flows of the majority of the approximately 3,300 ETFs available in the US market.

Symbol Fund Name Fund Flows (YTD) IYW iShares US Technology ETF 1.113 B USD QLTY The 2023 ETF Series Trust II GMO US Quality ETF 1.113 B USD SQQQ ProShares UltraPro Short QQQ 1.111 B USD DFLV Dimensional US Large Cap Value ETF 1.102 B USD CGDG Capital Group Dividend Growers ETF 1.09 B USD DIHP Dimensional International High Profitability ETF 1.083 B USD AIRR First Trust RBA American Industrial Renaissance ETF 1.08 B USD VVSMF VANECK UCITS ETFS PLC SEMICONDUCTOR UCITS ETF A USD 1.076 B USD DFAS Dimensional U.S. Small Cap ETF 1.075 B USD

US ETF YTD inflows matching IBIT daily inflow (Source: Trading View)

The substantial inflows into IBIT emphasize the outsized investor interest in Bitcoin-based financial products. The ETF’s performance reflects a broader trend of increasing acceptance and integration of digital assets within mainstream investment portfolios.

Other top ETFs by inflows include Vanguard S&P 500 ETF (VOO) with $88.168 billion and iShares Core S&P 500 ETF (IVV) with $57.539 billion in year-to-date flows. These funds have year-to-date returns of 25.69%, highlighting the strong performance of equity markets alongside the remarkable gains in digital assets.

IBIT’s ascent in the ETF rankings indicates a shift in investor sentiment, signaling potential long-term implications for the asset management industry. The ETF’s success may encourage more firms to launch Bitcoin-focused products, further integrating digital assets into traditional financial markets.

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