Bitcoin ETF Industry Sees Massive Inflows in 2024, BlackRock’s iShares Bitcoin ETF Leads the Charge
The ETF industry saw a significant impact from Bitcoin in 2024, with Bitcoin ETFs attracting over $12 billion in net inflows combined. Leading this surge is BlackRock’s iShares Bitcoin ETF (IBIT), which has amassed over $15 billion in net inflows and is leading the way in this success story.
IBIT recently completed an impressive streak of 71 consecutive days of inflows, solidifying its position among the top 10 US ETFs in terms of consecutive inflows. To truly understand the significance of IBIT’s success, it is important to compare it to the SPDR Gold ETF (GLD), often referred to as “digital gold.”
According to Coinglass data, on April 24, IBIT’s trading volume reached $1.19 billion, surpassing GLD’s volume of $1.16 billion, despite GLD being more than three times the size of IBIT in terms of market capitalization.
A particularly striking comparison comes from Nate Geraci, President of ETF Store, who shared a chart created by Zerohedge. The chart shows that the SPDR Gold ETF (GLD) took 808 days since its inception to reach the same assets under management (AUM) that IBIT achieved in just 72 days. This statistic underscores the rapid growth and increasing recognition of Bitcoin as an investment option.
