PANews reported on May 21 that Bloomberg ETF analyst Eric Balchunas wrote on X that BlackRock's spot Bitcoin ETF, IBIT, has quickly become one of the top five ETFs in the United States with its inflows so far this year, attracting more than $9 billion in investors' funds. Just a month ago, IBIT was only ranked 47th, but it added $6.5 billion in inflows during this period. Recently, IBIT surpassed the short-term Treasury bond ETF, BIL, which is a sign that investor interest is shifting from traditional safe-haven assets such as cash and gold to digital assets such as Bitcoin. Balchunas pointed out that the current ETF landscape is beginning to reflect the main investment themes for 2024.
BlackRock's Bitcoin ETF has entered the top five ETFs by inflows year-to-date
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