10X Research: Bitcoin up 57% in the year, crypto market expected to further consolidate and grow
BlackRock IBIT has received $19 billion in inflows so far this year, making it the fourth-best performing ETF of the year, according to 10x Research in its latest market analysis report. The top three are: Vanguard's SP500 ETF inflows of $49.90 billion, BlackRock's SP500 ETF inflows of $34 billion, Vanguard's Total Stock Market ETF inflows of $19.70 billion; Invesco's QQQ Nasdaq ETF followed with inflows of $18.90 billion.
Driven by the spot ETF boom, Bitcoin has gained 57% year-to-date. Looking ahead, more potentially transformative events are on the horizon, with further consolidation and growth expected for Bitcoin and the broader crypto market.