BlackRock’s IBIT Bitcoin ETF Cracks U.S. Top 10

BlackRock’s IBIT Bitcoin ETF has entered the top 10 U.S. ETFs by weekly inflows, ranking ninth based on the latest data. This shift comes as a result of the strong market activity this week, where investors put more than $35.39 billion into the U.S. ETFs.

In an X post, Bloomberg ETF analyst James Seyffart described this period as a “risk-on rally,” meaning investors were more willing to take risks and buy growth assets instead of staying safe.

https://twitter.com/JSeyff/status/2047671936474313173?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

Strong market inflows across ETFs

IBIT recorded about $993.75 million in weekly inflows, which pushed it up alongside major funds such as Vanguard S&P 500 ETF (VOO) and SPDR S&P 500 ETF Trust (SPY), which held the top positions. 

S&P 500 ETFs have taken the top three spots over the last week. US ETFs have taken in over $35 billion in aggregate.

The data also showed that investors were not only buying Bitcoin-related funds but also putting money into tech and growth-focused ETFs. ARK Innovation ETF (ARKK) was in fourth place and took in more than $1.23 billion. Technology Select Sector SPDR Fund (XLK) came in fifth place with over $1.12 billion in inflows. 

Other large funds like Vanguard Total Stock Market ETF (VTI) and Vanguard Total World Stock ETF (VT) also saw steady demand, as investors spread their capital across different asset classes.

Bitcoin ETFs continue to gain attention

Bitcoin ETFs as a group also performed strongly, recording nearly $1 billion in net inflows over the week.

According to data from SosoValue, IBIT led the category and continued to stand out in daily flow data. On April 23, IBIT recorded $167.5 million in inflows, while total Bitcoin ETF inflows that day reached $223.3 million.

Over a three-month period, IBIT accumulated more than $2.43 billion in inflows, suggesting investor interest is not only short-term but also continues over time.

Broader context

Since its launch, BlackRock’s IBIT Bitcoin ETF has gathered over $65.3 billion in total inflows. The fund gives investors access to Bitcoin price movements. In short, instead of buying Bitcoin directly, investors can use IBIT to follow Bitcoin’s price in a simpler and more traditional way through the stock market system.

The broader ETF market showed strong activity across sectors, with equities and technology products leading alongside crypto-linked funds. 

In comparison, other major funds competed for attention. ARKK and XLK drew large inflows from investors focused on innovation and technology sectors, while broad-market ETFs maintained stable demand. 

At the same time, Bitcoin ETFs continued to gain traction, and new entrants such as Morgan Stanley’s Bitcoin ETF added more competition to the space.

Also Read: Satsuma Led by Pantera Push for Full Bitcoin Sell-Off Amid 99% Stock Crash