February Favorite: VOO Takes the Lead, IBIT Bitcoin Fund Attracts $4.5 Billion Inflows
@ETF Tracker:
The flow of funds for the S&P 500 index ETFs has seen drastically different patterns; meanwhile, the BlackRock Bitcoin Fund, IBIT, attracted $4.5 billion.The flow of funds for the S&P 500 index ETFs has seen drastically different patterns; meanwhile, the BlackRock Bitcoin Fund, IBIT, attracted $4.5 billion.In February 2024, Vanguard's VOO, the third-largest ETF in the United States, attracted the most investor funds globally among all exchange-traded funds, while the world's largest ETF, SPY by State Street Bank, experienced the most outflows.The contrasting flow of funds between these two S&P 500 index funds may suggest investors' belief that the market's growth, which surged by 30% over the past year, is slowing down.Last month, VOO raised $6.11 billion, managing assets worth