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Bitcoin (BTC-USD)-focused iShares Bitcoin Trust ETF (NASDAQ:IBIT) has hit a notable milestone, with the recently launched exchange traded fund clocking inflows for 71 consecutive days. This puts IBIT into the top 10 of longest daily ETF inflow streaks of all time, according to Bloomberg.
IBIT has now surpassed the U.S. Global Jets ETF (JETS) for the number 10 spot on this list, also overtaking other funds such as the iShares TIPS Bond ETF (TIP) and the Vanguard Total Bond Market Index (BND), which both had daily inflow streaks of 68 days.
IBIT still has a long way to go to catch the record holder for longest ETF daily inflow streak, which is held by the JPMorgan Equity Premium Income ETF (JEPI) at 160 days. Here is the full top 10 list, compiled by Bloomberg:
No. 10: iShares Bitcoin Trust ETF (IBIT) 71 days.
No. 9: Dimensional U.S. Core Equity 2 ETF (DFAC) 72 days.
No. 8: First Trust Rising Dividend Achievers ETF (RDVY) 73 days.
No. 7: Schwab U.S. Dividend Equity ETF (SCHD) 77 days.
No. 6: Dimensional US Core Equity Market ETF (DFAU) 81 days.
No. 5: Vanguard FTSE Emerging Markets Index (VWO) 83 days.
No. 4: Pacer US Small Cap Cash Cows 100 ETF (CALF) 103 days.
No. 3: Pacer US Cash Cows 100 ETF (COWZ) 104 days.
No. 2: Vanguard Total International Bond Index (BNDX) 105 days.
No. 1: JPMorgan Equity Premium Income ETF (JEPI) 160 days.
IBIT By the Numbers
- Since inception it has amassed $18.23B in assets under management.
- IBIT is +35% since its launch on January 11, 2023.
- Provided roughly 5X returns compared to the S&P 500 which is +7.1% YTD.
- The fund trades above its 50-day moving average.
- The fund trades above its 10-day moving average.
What Investors Are Saying About IBIT?
- Noah’s Arc Capital Management in IBIT: BTC Supply Is Shrinking said: “BlackRock iShares Bitcoin Trust is well-positioned for the upcoming Bitcoin halving, which is expected to increase the price of Bitcoin.”
- Danil Kolyako in IBIT: There's Still Plenty Of Upside In Bitcoin Amid Halving stated: “Bitcoin's halving cycle, which reduces the creation rate of new bitcoins, has historically led to price increases for 12-16 months after each halving event. If the historical pattern holds true, there could still be significant upside for Bitcoin, making the IBIT ETF an appealing option for long-term investors.”