BlackRock's IBIT saw $2.3B in April inflows, ranking 11th overall

BlackRock's Bitcoin ETF (IBIT) recorded $2.3 billion in net inflows during April, ranking it 11th among all ETFs, according to Bloomberg ETF analyst Eric Balchunas. He highlighted that IBIT attracted significant capital despite being the only fund among the top performers with a negative year-to-date return. Balchunas commented that this is a good sign of the fund's long-term growth potential.