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.
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.
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.
Source: X.com
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