BlackRock’s iShares Bitcoin Trust ETF (IBIT) has achieved a significant milestone, topping the U.S. ETF leaderboard according to Bloomberg’s Eric Balchunas. This unprecedented surge follows the accumulation of nearly $1 billion in inflows for Bitcoin ETFs on Thursday, with IBIT accounting for almost all of them ($877 million). This influx directly contributed to Bitcoin breaking new price records.
David Lawant, head of research at FalconX, notes that this could be a first instance where ETF flows have surpassed spot flows, pushing Bitcoin prices to unprecedented highs. Notably, the iShares 20+ Year Treasury Bond ETF (TLT) placed second with $851 million in inflows.
The First Trust Long/Short Equity ETF (FTLS), known for its market exposure and downside protection, secured third place with $808 million in investments. The iShares Core S&P 500 ETF and the iShares MSCI EAFE Value ETF rounded out the top five, respectively.
Although IBIT has surged ahead on this particular day, the Vanguard S&P 500 ETF (VOO) remains a dominant force in the market, especially during the week and month.
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