IBIT Garners Prestigious Recognition
On April 23, BlackRock’s iShares Bitcoin Trust ETF (IBIT) was awarded the “Best New ETF” at the annual etf.com awards. This accolade underscores IBIT’s significant impact since its launch in January 2024. Bloomberg ETF analyst Eric Balchunas expressed his approval, stating, “Feels right to me” in a social media post, indicating his support for the selection.
Unprecedented Inflows Highlight Investor Confidence
Coinciding with the award, IBIT experienced its highest single-day inflow since January 21, attracting $643.2 million. This surge contributed to a total of $917 million in inflows across all U.S. spot Bitcoin ETFs on the same day, marking a notable shift in investor sentiment. The previous day also saw substantial activity, with $912 million in ETF inflows, a figure over 500 times the 2025 daily average, according to Glassnode data.
IBIT’s Market Performance and Growth
As of April 23, IBIT boasts approximately $53.77 billion in net assets and has averaged 45.02 million shares traded daily over the past month. The ETF’s share price stood at $53.20, reflecting a 6.02% increase over the past month. Since its inception, IBIT has rapidly ascended to become the largest spot Bitcoin ETF, surpassing competitors like Grayscale’s GBTC.
The remarkable inflows into IBIT and other Bitcoin ETFs signify a growing institutional interest in cryptocurrency assets. Analysts suggest that ETFs have become a “marginal buyer” in the Bitcoin market, influencing net buying volumes on spot exchanges. This trend indicates a maturation of the crypto market, with traditional financial instruments playing a pivotal role in asset accumulation.
