Eric Balchunas from Bloomberg noted that BlackRock’s Bitcoin ETF, $IBIT, is the only ETF on the 2025 fund flow rankings that is showing a negative return for the year, yet it still ranks 6th in total net inflows.
Many people focus only on the negative performance, but the more important point is that investors continue to buy and hold rather than sell.
This highlights very strong long-term conviction, especially from traditional investors. Even more notably, $IBIT has attracted more capital than the gold ETF $GLD, despite gold being up 64%.
This is a very bullish long-term signal. If in a bad year an ETF can still attract around $25 billion, then in a good year, the potential inflows could be much larger.
