As famous by ETF analyst Eric Balchunas, BlackRock’s iShares Bitcoin Belief ETF (IBIT) has now made it to the highest 5 exchange-traded funds (ETFs) by year-to-date inflows.
The extraordinarily profitable product has now attracted near $9 billion in YTD inflows.
Notably, IBIT was in forty seventh place when it comes to inflows final month. Over the previous month alone, nevertheless, they attracted greater than $6.5 billion value of inflows.
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“As gold and money ETFs slip down, the leaderboard is slowly turning again into 2024,” he stated.
On the present charge, IBIT is now on monitor to turn into the second-biggest ETF when it comes to inflows by July 4.