BlackRock IBIT Enters Top 10 US ETFs... Retail Investors All Turn to 'Bitcoin'

▲ BlackRock Bitcoin/ChatGPT generated image

BlackRock's spot Bitcoin (BTC) ETF, IBIT, has entered the top 10 US-listed ETFs by capital inflow, symbolically demonstrating the integration of digital assets into mainstream finance.

According to cryptocurrency media CoinGape on April 24 (local time), BlackRock's spot Bitcoin ETF, IBIT, ranked 9th among US-listed ETFs in weekly capital inflow. IBIT attracted a substantial fund of approximately $993.75 million over the past week. This record places it alongside traditional large index-tracking funds such as the Vanguard S&P 500 ETF.

Bloomberg ETF analyst James Seyffart analyzed this phenomenon as a result of a risk-on rally where investors are focusing on growth strategies. Seyffart defined the current market situation as a "risk-on rally where investors are chasing stocks and growth strategies." Investors are actively choosing Bitcoin as a key hedge against uncertainty, even amidst geopolitical instability.

Recently, the concentration of funds into spot Bitcoin ETFs has been very strong. On April 23 alone, IBIT saw a net inflow of $167.5 million. The total daily net inflow for all spot Bitcoin ETFs on that day also reached $223.3 million, supporting the market's vitality. Market expectations for XRP spot ETFs, among others, are also growing in conjunction with BlackRock's successful establishment.

Since its launch, IBIT has surpassed $65.3 billion in cumulative capital inflow, confirming a solid long-term demand base. This suggests that Bitcoin has fully established itself as a core asset in the mainstream financial market. Recently, major financial institutions such as Morgan Stanley have been launching Bitcoin ETFs one after another, intensifying the competition to attract institutional investment.

The inflow of institutional funds is becoming a key driver of structural growth in the cryptocurrency market. The emergence of various exchange-traded fund products is an important catalyst for expanding the base of the cryptocurrency ecosystem. Digital assets are combining with existing financial systems to form a new paradigm in the investment market.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*