What makes this especially significant is that $IBIT has now overtaken $GLD — the SPDR Gold Trust — in YTD inflows, despite the fact that gold has been on a historic run, with GLD up 23% YTD.
In contrast, $IBIT is only up 4.03% YTD, yet it attracted more investor capital, with $6.96 billion in flows versus $6.51 billion for GLD.
Balchunas points out the long-term implications:
“To take in more cash in that scenario is really good sign for long term, and inspires confidence in our call that BTC ETFs will have triple gold’s AUM in 3–5 years.”
This bullish view is based on the structural momentum behind Bitcoin ETFs, growing institutional interest, and a shift in investor preference from gold to digital assets as a store of value. $IBIT’s inflow streak puts it ahead of major funds like QQQM and VUG in terms of capital allocation so far this year.
Among the top 10 ETFs by YTD inflows, VOO leads with $55.6 billion, followed by SGOV with $16.6 billion and VTI with $13.8 billion. SPLG and BIL come next, with inflows of $12.1 billion and $10.9 billion, respectively. Then comes IBIT with $7.0 billion — ahead of GLD’s $6.5 billion. Rounding out the list are QQQM with $6.4 billion, VUG with $6.0 billion, and JEPQ with $5.7 billion.
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