BlackRock Bitcoin ETF Wins Industry Recognition Amid Strong Inflows
BlackRock's iShare Bitcoin ETF (IBIT) has been named the "Best New ETF" at the annual etf.com awards on April 23. The recognition came on the same day the fund recorded $643.2 million in inflows, its highest single-day total since January 21.
Bloomberg ETF analyst Eric Balchunas endorsed the award, saying it "feels right to me" in an X post. "I'm pretty sure this is how I voted. Both of them did things no one has seen before," he added, also referencing the Vanguard S&P 500 ETF (VOO) winning "ETF of the Year."
IBIT also received the "Crypto ETP of the Year" award. The January 21 inflow that IBIT surpassed occurred just after US President Donald Trump's inauguration, when Bitcoin reached an all-time high of $109,000.
The $643.2 million inflow was described as "massive" by Bitcoin commentator Vivek, while Apollo Sats co-founder Thomas Fahrer called it a "Huge inflow." IBIT's contribution made up most of the $917 million inflows seen across all 11 spot Bitcoin ETFs that day.
IBIT launched in January 2024 alongside 10 other US-based spot Bitcoin ETFs. According to BlackRock data, the fund now has net assets of approximately $53.77 billion and has traded an average of 45.02 million shares daily over the past 30 days.
A single IBIT share was trading at $53.20 at the time of publication, according to Google Finance data. VanEck Bitcoin ETF (HODL) also received recognition at the awards, winning "Best new ETF ticker."
April 23 marked the second consecutive day with over $900 million in inflows across Bitcoin ETFs, following a month largely characterized by outflows due to macroeconomic uncertainty. Glassnode noted that the previous day's $912 million inflows were more than 500 times the 2025 daily average.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Paradigm Capital Moves 10 Million LDO Tokens to Exchanges

Trump Nominates Brian Quintenz for CFTC Chair

Pi Coin Struggles and Pi Day 2’s Impact on Its Future Trajectory
In Brief Pi Coin struggles below $0.65 amid rising bearish pressure. Upcoming "Pi Day 2" on June 28 may impact its short-term direction. Analysts observe concerning signs in PI’s technical indicators and on-chain data.

South Korea Sets New Standards for Cryptocurrency Market
In Brief South Korea introduces the "Digital Asset Basic Act" for cryptocurrency market clarity. The bill aims to boost stablecoin usage and offers a predictable business environment. Swift action contrasts with the slow U.S. progress, giving Korea a competitive edge.

Trending news
MoreCrypto prices
More








