Only 17 days after its launch, the BlackRock iShares Bitcoin Trust (IBIT) became one of the top five exchange-traded funds (ETFs) of 2024 based on inflows, according to data from Bloomberg Intelligence. The only funds beating IBIT’s $3.2 billion of year-to-date inflows are mammoth longstanding index ETFs from iShares and Vanguard that offer exposure to the S&P 500 or the total stock market. In the No. 1 spot, with $13 billion in inflows, is the iShares Core S&P 500 ETF (IVV), which has a whopping $428 billion of assets under management (AUM). No. 2, with $11.1 billion in inflows, is the Vanguard 500 Index Fund ETF (VOO), which has nearly $398 billion in AUM.

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• Source: https://www.coindesk.com/markets/2024/02/07/first-mover-americas-blackrocks-etf-demand-ranks-among-top-5/?utm_medium=referral&utm_source=rss&utm_campaign=headlines