BlackRock’s Bitcoin ETF achieves legendary status after hitting second-largest inflows for 2024

BlackRock's IBIT has quickly captured the attention of the traditional financial market since its launch. Within just 50 days of trading, the ETF achieved an almost legendary status, ranking second in the US ETF inflows year to date, an impressive feat overshadowing counterparts in traditional and digital asset spaces alike. But what's truly remarkable is its continuous streak of daily inflows, drawing in significant interest and setting a record within Fidelity and BlackRock's portfolios. Yet, even with these achievements, IBIT stands at a pivotal point, challenging the enduring record held by JEPI. What is the magic number of consecutive inflow days needed to top JEPI's record, and how close is IBIT to making history? Uncover the surprising details behind this financial phenomenon in Alpha.

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