BlackRock’s Spot Bitcoin ETF Ranks Sixth in Inflows Despite Negative YTD Returns

Bloomberg’s Eric Balchunas reports IBIT drew $25B in 2025 inflows despite a 9.6% loss, even outperforming the top gold ETF’s net investment gains.

BTC

Summary

BlackRock’s iShares Bitcoin Trust (IBIT) ranked sixth among all ETFs in 2025 inflows, attracting over $25 billion despite a -9.6% year-to-date return. Bloomberg’s Eric Balchunas noted it outpaced the SPDR Gold ETF (GLD), which logged $20.8 billion in inflows alongside a 65% YTD gain. Through October 2025, U.S. spot bitcoin ETF holdings fell only 3.6% from 1.37 million BTC to roughly 1.32 million BTC despite Bitcoin correcting 36% from its all-time high. Balchunas suggested IBIT’s resilience indicates strong long-term investor commitment.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin, tracking its market price without using derivatives.
  • IBIT: Ticker for BlackRock’s iShares Bitcoin Trust, a spot Bitcoin ETF providing direct Bitcoin exposure in a regulated fund.