BlackRock Bitcoin fund wins best new ETF on $643M inflow day
ETF analyst Eric Balchunas said he is “pretty sure this is how I voted,” amid the spot Bitcoin ETF posting a “massive” inflow day not seen since late January.
BlackRock’s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan. 21.
On April 23, BlackRock’s iShare Bitcoin ETF (IBIT) was awarded the “Best New ETF” at the annual etf.com ETF awards. In an X post shortly after, Bloomberg ETF analyst Eric Balchunas said it “feels right to me.”
“I’m pretty sure this is how I voted. Both of them did things no one has seen [before],” Balchunas said, also referencing the Vanguard S&P 500 ETF (VOO) winning the “ETF of the Year” award. Over the past 5 years, VOO is up 89%, according to Google Finance data.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
