BlackRock’s Ishares Bitcoin Trust (IBIT) has officially surpassed the $80 billion mark of managed assets (AUM) and has set a new record for speed of ETF space.
The milestone reached on July 11th comes just 374 days after the fund launch. Create the fastest ETF in history to hit this level.
BlackRock’s Bitcoin ETF climbs into the top 25 funds in the world
In particular, the previous record owner, Vanguard’s S&P 500 ETF (VOO), took five times longer to reach the same threshold.
According to Bloomberg ETF analyst Eric Balknath, the rapid rise in IBIT shows a major change in the way investors access Bitcoin.
He said the fund has attracted more than $1 billion inflows in one night, but much of AUM’s recent growth was also due to a rapid price rally in Bitcoin.
As of this week, IBIT has more than 700,000 BTC, which is circulating around 3.55% of all Bitcoin.
Record-breaking activities can also be seen in the broader markets of Spot Bitcoin ETFs in the US. For the first time, all spot Bitcoin ETFs on the US list have total assets held in over $140 billion, with IBIT alone accounting for almost 59% of its value.
This wave of growth pushes IBIT into the top 25 ETFs in the world, ranking 21st by AUM.
Data from SOSOValue shows that US Spot Bitcoin ETFs have seen cumulative inflows of over $50 billion.
Novadius Wealth president Nate Geraci noted that daily inflows have exceeded $1 billion since January, two of which have occurred this week, with seven days.
The success of IBIT and its peers underscores the growing demand for regulated, accessible Bitcoin investment products.
For both retail and institutional investors, these ETFs offer a simplified path to Bitcoin exposure without the challenges of self-supporting beings and navigating cryptographic native platforms.
Post BlackRock’s IBIT has become the fastest ETF, surpassing the $80 billion worth of assets that first appeared on Beincrypto.
