David Edwards
BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), secured top honors at the annual etf.com awards on April 23, receiving the “Best New ETF” accolade amid its largest single-day inflow in three months. The recognition highlights IBIT’s accelerating momentum in the digital asset investment landscape.
The award announcement coincided with a remarkable $643.2 million inflow into the fund—the highest since January 21, when the ETF recorded $661.9 million in inflows following a significant rally in Bitcoin’s price.
Bloomberg ETF analyst Eric Balchunas endorsed the selection on X (formerly Twitter), stating, “Feels right to me,” while adding that his vote also aligned with Vanguard’s S&P 500 ETF (VOO), which took home “ETF of the Year” and has delivered an 89% return over the past five years.
IBIT, which launched in January 2024 alongside 10 other U.S.-based spot Bitcoin ETFs, also claimed the “Crypto ETP of the Year” award. The fund has since amassed approximately $53.77 billion in net assets, with a 30-day average trading volume of 45.02 million shares. A single IBIT share currently trades at $53.20, per Google Finance.
The award and inflow surge drew notable reactions within the crypto community. Bitcoin analyst Vivek described the news as “massive,” while Thomas Fahrer, co-founder of Apollo Sats, called the capital injection “huge.”
Meanwhile, VanEck’s Bitcoin ETF (HODL) won “Best New ETF Ticker,” further signaling the growing mainstream presence of digital asset products.
April 23 marked the second consecutive day with over $900 million in total inflows across all 11 spot Bitcoin ETFs, bringing the combined total to $917 million for the day. This figure contrasts sharply with earlier April sessions that largely experienced outflows amid broader macroeconomic uncertainty. According to data from Glassnode, the $912 million inflow recorded on April 22 represented more than 500 times the average daily inflow projected for 2025.
