According to Bloomberg senior ETF analyst Eric Balchunas, BlackRock's iShares Bitcoin Trust ETF ranks in the top among all ETF products in the United States, at 0.16%. Spot Bitcoin ETF receives more than $3.19B in inflows — trailing only the S&P 500 and Vanguard's Total Stock Market ETF.
According to YCharts, BlackRock ranks in the top 0.16% of 3,109 US-traded ETFs. Meanwhile, Balchunas cites a different result of 0.02% when compared to an estimated 10,000 global ETFs.
Fidelity's Bitcoin Fund also performs well, placing seventh among US ETFs with a $2.51B inflow.
Despite the inclusion of all U.S. ETF total flows since January 1, 2024, the notable rise of Bitcoin ETFs, which began trading on January 11, resonates throughout the sector. BitMEX reveals a growing disparity between BlackRock and Fidelity's Bitcoin ETFs and the remainder, excluding Grayscale.
ARK 21Shares and Bitwise are third and fourth in accumulated flows, with $683.7M and $663.6M, respectively. Despite being less than one month old, BlackRock's BTC ETF already reached the very top. The impact on the market remains unknown, for now.
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