BlackRock’s IBIT Bitcoin ETF is the most successful new ETF in four years.

Since BlackRock filed for a spot Bitcoin ETF last year, Bloomberg ETF analysts Eric Balchunas and James Seyffart have been providing valuable insight and data on all Bitcoin ETFs. If you aren’t already following either of them on X, I highly recommend doing so.

Today, Balchunas shared some surprising new statistics, specifically about BlackRock’s spot Bitcoin ETF IBIT. Over the past four years, more than 1,800 ETFs have been launched in the United States. Among them, IBIT attracted the largest inflow of funds, exceeding $26 billion.

BlackRock recorded another large inflow of $323 million yesterday, significantly outperforming all of its competitors. I’m not sure if it’s just the brand name that allows it to compete with other ETFs, or if it’s the marketing of IBIT to customers behind the scenes that makes the ETF such a notable success. Probably a little of both and then some.

These figures once again highlight the tremendous success that spot Bitcoin ETFs have had in the United States. Since launch, these ETFs have seen inflows in 9 of the last 10 months, and these inflows are unlikely to stop anytime soon, especially as we head into a bull market.

While I prefer investors who have their own keys, I understand that it may not be suitable for large corporations and small individual investors who do not want the responsibility that comes with self-management.

Whether you like it or not, the institutions are here and they are driving up the price of Bitcoin (for now). I’m very curious to see how these ETFs will hold up in a bear market, HODL, or see record outflows. Only time will tell.

This article take. The opinions expressed are solely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.