The Blackrock’s Funds SPOT Bitcoin Exchange-Traded has been named after ETF.com’s best new product, as it recorded the highest flow since January 21.
On April 23, the ishare bitcoin ETF (ibit) of blackrock is Inspired The “Best New ETF” at the annual ETF.com ETF Awards. To an x Post Soon, Bloomberg ETF analyst Eric Balchunas said “I felt right to me.”
Ibit Clocks Highest flowing in three months
“I’m sure this is how I voted. They both do things without seeing (new),” said Balchunas, also referring to the Vanguard S&P 500 ETF (VOO) who won the “ETF of the Year” award. Over the past 5 years, the voo has climbed to 89%, According to In Google Finance data.
Ibit will also receive the crypto ETP of the year.
Ibit’s two awards came on the same day that Ibit recorded $ 643.2 million in streams, According to to the data away. This is the highest flow day since January 21, when seen $ 661.9 million, just a day after the inauguration of President Donald Trump, when the price of the Bitcoin area hit a full time of $ 109,000.
Bitcoin commentator Vivek Says It was “huge,” while Apollo sats co-founder Thomas Fahrer Says“Big flow.”
The Ibit Fund, launched in January 2024 with 10 other US Bitcoin ETF-based areas, has net assets of approximately $ 53.77 billion, According to in blackrock data. Over the past 30 days, it has exchanged, on average, 45.02 million shares per day.
At the time of publication, a single portion of ibit traded at $ 53.20, as per Financial Data on Google.
Meanwhile, Vaneck Bitcoin ETF (Hodl) received The awards for the “best new ETF ticker.”
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Ibit’s huge flow on April 23 consisted of most $ 917 million seen in all 11 spots Bitcoin ETF that day. It is the second day in a row with over $ 900 million in the middle of the majority of the month posting the days of flowing due to macro uncertainty.
On April 23, Glassnode pointed out that $ 912 million ETF flows the day before the equivalent of more than 500 times the 2025 -day -day average.
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