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

BlackRock’s iShares Bitcoin Trust (IBIT) has set a new record by becoming the fastest-growing exchange-traded fund (ETF) in history, surpassing $80 billion in assets under management (AUM) just 374 days after its launch. This milestone was achieved at an unprecedented pace, outpacing even the Vanguard S&P 500 ETF, which took nearly five years to reach the same AUM. On July 10, IBIT attracted $448 million in fresh inflows, pushing total net inflows above $53 billion. The ETF now holds over 700,000 BTC, representing about 3.55% of Bitcoin’s total supply.

IBIT’s remarkable growth is not only a reflection of the increasing investor demand for Bitcoin but also the surge in its price. The ETF now ranks as the 21st-largest ETF globally, surpassing traditional equity-focused funds like VOO, IEFA, and IEMG in record time. This rapid ascent underscores the increasing acceptance of Bitcoin as a mainstream investment asset. The total value of all spot Bitcoin ETFs now exceeds $140 billion, with BlackRock’s aggressive expansion in crypto continuing to lead the charge. According to an analyst, IBIT hit this milestone five times faster than any other ETF, highlighting the unprecedented pace of its growth.

This historic achievement by IBIT is a testament to the growing investor confidence in Bitcoin and the crypto market as a whole. The ETF’s performance has not only attracted significant inflows but has also positioned Bitcoin as a viable investment option for a broader range of investors. The rapid growth of IBIT and the increasing acceptance of Bitcoin as a mainstream asset highlight the evolving landscape of the financial markets, where digital assets are gaining prominence alongside traditional investments.