BlackRock Bitcoin ETF Wins Industry Recognition Amid Strong Inflows

BlackRock's iShare Bitcoin ETF (IBIT) has been named the "Best New ETF" at the annual etf.com awards on April 23. The recognition came on the same day the fund recorded $643.2 million in inflows, its highest single-day total since January 21.

Bloomberg ETF analyst Eric Balchunas endorsed the award, saying it "feels right to me" in an X post. "I'm pretty sure this is how I voted. Both of them did things no one has seen before," he added, also referencing the Vanguard S&P 500 ETF (VOO) winning "ETF of the Year."

IBIT also received the "Crypto ETP of the Year" award. The January 21 inflow that IBIT surpassed occurred just after US President Donald Trump's inauguration, when Bitcoin reached an all-time high of $109,000.

The $643.2 million inflow was described as "massive" by Bitcoin commentator Vivek, while Apollo Sats co-founder Thomas Fahrer called it a "Huge inflow." IBIT's contribution made up most of the $917 million inflows seen across all 11 spot Bitcoin ETFs that day.

IBIT launched in January 2024 alongside 10 other US-based spot Bitcoin ETFs. According to BlackRock data, the fund now has net assets of approximately $53.77 billion and has traded an average of 45.02 million shares daily over the past 30 days.

A single IBIT share was trading at $53.20 at the time of publication, according to Google Finance data. VanEck Bitcoin ETF (HODL) also received recognition at the awards, winning "Best new ETF ticker."

April 23 marked the second consecutive day with over $900 million in inflows across Bitcoin ETFs, following a month largely characterized by outflows due to macroeconomic uncertainty. Glassnode noted that the previous day's $912 million inflows were more than 500 times the 2025 daily average.