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BlackRock Bitcoin fund wins best new ETF on $643M inflow day

Coin Telegraph LogoCoin Telegraph21h ago

BlackRock Bitcoin fund wins best new ETF on $643M inflow day - Coin Telegraph

Quick Summary:

Source: CoinMarketCapBitcoin commentator Vivek said this “is massive,” while Apollo Sats co-founder Thomas Fahrer said, “Huge inflow.”The IBIT fund, which launched in January 2024 alongside 10 other US-based spot Bitcoin ETFs, has net assets of approximately $53.77 billion, according to BlackRock data.

Source: Google FinanceMeanwhile, VanEck Bitcoin ETF (HODL) received the award for “Best new ETF ticker.”Related: Bitcoiners should be cautious over rally as stablecoin indicator lags: AnalystIBIT’s large inflow on April 23 made up most of the $917 million seen across all 11 spot Bitcoin ETFs that day.

BlackRock’s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan.21. On April 23, BlackRock’s iShare Bitcoin ETF (IBIT) was awarded the “Best New ETF” at the annual etf.com ETF awards.

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Article Details

Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 07:20:27 (21 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28184901

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 37 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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Publisher ID: #11

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