BlackRock’s spot Bitcoin (CRYPTO:BTC) exchange-traded fund has ranked sixth among all ETFs by net inflows in 2025 despite delivering a negative return for the year.
The iShares Bitcoin Trust, known as IBIT, was the only fund in the top tier of inflow rankings to post losses while still attracting substantial investor capital.
Data highlighted by Bloomberg ETF analyst Eric Balchunas showed IBIT recording approximately $25 billion in year-to-date inflows.
Several equity and bond ETFs ranked above IBIT delivered double-digit gains, underscoring the contrast between performance and investor allocation decisions.
Gold-backed ETF GLD, despite rising more than 60% over the year, drew less capital than IBIT, according to the same dataset.
A really good sign, Eric Balchunas said.
He argued that sustained inflows during a weak performance year reflect long-term conviction rather than short-term speculation.
If you can do $25 billion in a bad year, imagine the flow potential in a good year, Eric Balchunas said.