BlackRock's IBIT ranks 6th in ETF inflows despite negative returns

According to Bloomberg ETF analyst Eric Balchunas, BlackRock's spot Bitcoin ETF (IBIT) has recorded approximately $25 billion in net inflows in 2025, placing it sixth among all ETFs for capital attraction. IBIT is the only fund among the top ETFs to maintain strong inflows despite posting a negative annual return. Balchunas described this as a very positive long-term signal, suggesting that investor conviction is more important than short-term price. He emphasized that if the fund can attract $25 billion during a down year, its potential in a good year is even greater. Meanwhile, the limited price reaction of BTC to these ETF purchases has been attributed to market maturation, profit-taking by existing holders, and the use of options strategies.