Seeking Alpha 2024-04-24 16:24:37

IBIT hit 71 consecutive days of inflows, placing it in the all-time top 10 for ETFs

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?