Spot bitcoin ETF buyers might have proven themselves to be something however momentum chasers this 12 months.
Whereas it is no secret that BlackRock’s iShares Bitcoin Belief (IBIT) has been a wild success because it opened for enterprise in January 2024, data compiled by Bloomberg’s crack ETF analyst Eric Balchunas exhibits that success in one other mild.
Thus far in 2025, IBIT ranks sixth out of all ETFs in inflows, bringing in greater than $25 billion of investor money. In a listing of the highest 25 funds by inflows, ranked first is Vanguard’s S&P 500 ETF (VOO) with $145 billion, and ranked twenty fifth is the iShares S&P 100 ETF (OEF) with $10 billion.
Of the complete listing of these high 25, famous Balchunas, IBIT is the one one with a negative return for the 12 months — down 9.6% as of noon Friday. Even the SPDR Gold ETF (GLD) — in eight place with $20.8 billion — took in much less cash than IBIT regardless of displaying a large 65% advance in 2025.
“Crypto twitter’s knee-jerk response is to whine concerning the [BTC] return,” mentioned Balchunas. “However the true takeaway is that it was sixth place DESPITE the negative return (boomers placing on a HODL clinic).”
“That is a very good signal long run,” he continued. “If you are able to do $25 billion in dangerous 12 months think about the circulate potential in good 12 months.”
