BlackRock’s iShares Bitcoin Belief ETF (IBIT) is quickly cementing its standing as essentially the most dominant BTC fund amongst its friends.
Bitcoin analyst James Test highlighted the divergence in a June 29 X publish, noting that whole inflows throughout all different Bitcoin ETFs have stagnated round $20 billion since December 2024.
In distinction, IBIT alone has drawn over $52 billion in cumulative inflows since its launch, solidifying its dominance within the area.
He additional identified that this pattern is mirrored in weekly influx knowledge, the place IBIT attracts the lion’s share of latest investments and reveals minimal outflows in comparison with rivals.
Test wrote:
“Dominance for all different ETFs by way of whole AUM has been in fixed decline, initially dominated by GTBTC outflows, however extra lately because of a transparent desire for IBIT by traders.”
This matches knowledge from Bloomberg ETF analyst Eric Balchunas, who famous that primarily based on year-to-date inflows, IBIT now ranks because the fourth-largest ETF within the US.
In line with Balchunas’ knowledge, IBIT has leapfrogged over SPDR Portfolio S&P 500 ETF (SPLG) and is closing in on heavyweights like Vanguard Whole Inventory Market ETF (VTI).
As of June 23, IBIT had recorded $13.7 billion in inflows, which is forward of SPLG’s $13.4 billion however beneath VTI’s $19.3 billion.
He additionally highlighted IBIT’s outlier standing, noting that the fund is “the fifth in three-year flows (regardless of solely being alive for 1.5 years).”
These inflows helped the fund cross $70 billion in belongings underneath administration (AUM) in simply 341 buying and selling days, the quickest price for any US ETF.
IBIT turns into BlackRock’s most worthwhile ETF
This breakout efficiency has translated into important monetary positive aspects for BlackRock.
Nate Geraci, president of ETF Retailer, identified that IBIT generates $186 million yearly in charge income, surpassing even IVV (BlackRock’s flagship S&P 500 ETF) by $3 million.
In line with Arkham Intelligence, this milestone is especially noteworthy provided that IVV is almost ten instances bigger than IBIT by way of belongings underneath administration.
The shift alerts a broader change in institutional conduct. BlackRock, lengthy related to conventional fairness markets, is now seeing extra charge income from its Bitcoin ETF than from legacy stock-based merchandise.
