BlackRock’s Bitcoin ETF Climbs to Top 5: IBIT Surges Inflows as Market Cap soars

BlackRock’s iShares Bitcoin Trust ETF (IBIT) is experiencing a meteoric rise in popularity, surging to the top 5 of exchange-traded funds by year-to-date inflows. According to ETF analyst Eric Balchunas, IBIT has accumulated close to $9 billion in year-to-date inflows, marking a dramatic shift from its previous ranking last month. In fact, it’s now poised to become the second-largest ETF based on inflows by July 4th, according to analysts.