BlackRocks iShares Bitcoin Trust Hits $80 Billion AUM in 374 Days

BlackRock’s iShares Bitcoin Trust (IBIT) has set a new record by surpassing $80 billion in assets under management (AUM) in just 374 days. This achievement makes IBIT the fastest ETF in history to reach this milestone, surpassing the previous record held by Vanguard’s S&P 500 ETF (VOO), which took over 1,800 days to hit the same figure. The rapid growth of IBIT highlights the increasing confidence in Bitcoin as a portfolio asset and reflects the broader institutional acceptance of crypto-backed investment vehicles.

The surge in AUM for IBIT follows a significant influx of over $1 billion into spot Bitcoin ETFs in a single day, driven by Bitcoin’s surge to a new all-time high above $118,000. This influx marked one of the strongest days for the ETF cohort since their U.S. debut, underscoring the growing interest and investment in Bitcoin and related ETFs.

IBIT’s achievement is a testament to its own success and to the overall growth and acceptance of Bitcoin as a mainstream investment option. The ETF now ranks as the 21st largest globally by AUM, an extraordinary position for a product launched just over a year ago. This rapid ascent suggests that institutional investors are increasingly viewing Bitcoin as a viable and attractive addition to their portfolios.

The inflows into IBIT and other Bitcoin ETFs indicate a broader trend of institutional adoption of cryptocurrencies. As Bitcoin continues to climb and ETFs provide easier exposure, many analysts expect capital inflows to remain strong, especially if macro tailwinds and liquidity expectations persist. This trend is likely to continue, further solidifying Bitcoin’s position in the investment landscape and driving the growth of related ETFs.