BlackRock's Spot Bitcoin ETF Wins 'Best New ETF' Award

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

BlackRock's (BLK) iShares Bitcoin Trust (IBIT) (NYSE:IBIT) claimed the "Best New ETF" award at the etf.com awards on April 23, adding to IBIT's momentum. The recognition comes as the ETF saw its largest single-day inflow in three months.

What Happened: The stellar new product award from etf.com went to IBIT, which launched in January 2024 alongside 10 other U.S.-based spot bitcoin ETFs.

The award announcement was made on the same day that IBIT reported an outstanding $643.2 million in inflow. This is the highest since January 21, when the ETF reported $661.9 million in inflow following a significant rally in bitcoin's price.

"Feels right to me. My vote went to IBIT & VOO (for ETF of the Year). Magnificent 5yr return on that one: 89%.” said Bloomberg ETF analyst Eric Balchunas.

Credit: X

IBIT, which is also being recognized as the "Crypto ETP of the Year," has now raised about $53.77 billion in net assets. The 30-day average trading volume stands at 45.02 million shares, and a single IBIT share is going for $53.20, according to Google Finance.

The award and stellar capital injection into the bitcoin ETF drew several reactions.

"This is HUGE! Especially with the BTC price action recently, you'd expect outflows not inflows. Amazing stuff from IBIT." said bitcoin analyst Vivek.

"Capital is pouring into bitcoin. IBIT, the flagship bitcoin ETF from BlackRock, saw its largest single-day inflow in 3 months today with $643.2M. To put this into perspective, the average daily inflow into all 11 bitcoin ETFs in 2025 is expected to be $1.25M." added Thomas Fahrer, co-founder of Apollo Sats.

Another interesting award went to VanEck’s Bitcoin ETF (CRYPTO:BTC) which took home the "Best New ETF Ticker" award for its ticker symbol, “HODL.”

Related Link: Exclusive: Ben Schachter On Why Bitcoin Could Outperform In A Deflationary Scenario

Bitcoin ETF Flows: April 23 also marked the second consecutive day with over $900 million in total inflows across all 11 spot bitcoin ETFs. The total reported inflow for the day is $917 million.

This figure stands in stark contrast to earlier April sessions, which largely saw outflows amid broader macroeconomic uncertainty.

According to data from Glassnode, the $912 million inflow recorded on April 22 is more than 500 times the average daily inflow projected for 2025 by Balchunas.