BlackRock Bitcoin (BTC) fund attracted $643.2 million in a single day and was rated the best new ETF.

Source: Cointelegraph Original: "BlackRock Bitcoin (BTC) Fund Attracts $643.2 Million in a Single Day, Rated Best New ETF"

BlackRock's spot Bitcoin ETF has been rated as the best new ETF product by etf.com and has achieved the highest fund inflow since January 21.

On April 23, BlackRock's iShare Bitcoin ETF (IBIT) won the "Best New ETF" award at the annual ETF Awards ceremony held by etf.com. Bloomberg ETF analyst Eric Balchunas subsequently posted on platform X, stating "this result is quite reasonable".

"I am very confident that this is my voting choice. Both of these products have achieved unprecedented accomplishments," Balchunas said, while also mentioning the Vanguard S&P 500 ETF (VOO), which won the "ETF of the Year" award. According to Google Finance data, VOO has risen 89% over the past 5 years.

IBIT also won the Annual Crypto ETP Award.

According to Farside data, on the same day that IBIT received these two awards, the fund recorded an inflow of $643.2 million. This is the highest single-day inflow since January 21, when the fund attracted $661.9 million in inflows. It is worth noting that January 21 was just one day after President Trump's inauguration, and the spot price of Bitcoin also set a historical high of $109,000.

Bitcoin commentator Vivek stated that this is "very significant," while Apollo Sats co-founder Thomas Fahrer referred to it as a "huge influx of funds."

According to data from BlackRock, the IBIT fund will be launched in January 2024 alongside 10 other US spot Bitcoin ETFs, with a current net asset value of approximately $53.77 billion. Over the past 30 days, the fund's average daily trading volume reached 45.02 million shares.

According to Google Finance, the trading price of IBIT per share is $53.20 at the time of writing.

Meanwhile, the VanEck Bitcoin ETF (HODL) has won the "Best New ETF Code" award.

On April 23, the large inflow of funds into IBIT accounted for the majority of the total inflow of $917 million from all 11 spot Bitcoin ETFs that day. This marks the second consecutive day of inflows exceeding $900 million amid a period of fund outflows due to macroeconomic uncertainties.

On April 23, Glassnode pointed out that the inflow of ETF funds of $912 million the previous day was more than 500 times the average daily level for 2025.

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This article does not constitute investment advice or recommendations. All investment and trading activities carry risks, and readers should conduct their own research before making decisions.