BlackRock’s iShares Bitcoin Trust (IBIT) is racing toward $100 billion in assets, a milestone it could reach before the end of July. Following a surge in inflows and a robust Bitcoin rally, IBIT’s total net assets have soared to approximately $88 billion — just $12 billion away from that threshold.
Trading at around $69 on the NASDAQ, IBIT is not only the largest Bitcoin fund on the market but alsoBlackRock’s most profitable ETF overall, according to Bloomberg’s Eric Balchunas.
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Despite being only 1.5 years old, IBIT has jumped to become the 20th largest ETF in the U.S. and the 7th largest under BlackRock’s umbrella — a growth curve that is practically unheard of in the ETF world.
I wrote last wk that $IBIT could hit $100b this summer, but hell, could be this month. Thx to recent flows + overnight rally it's already at $88b. At only 1.5yrs old is now 20th biggest in US, 7th biggest for BlackRock (and their #1 most profitable ETF). Un-freaking-believable. pic.twitter.com/r5FLwKSE7j
— Eric Balchunas (@EricBalchunas) July 14, 2025
A key factor behind this explosion is the type of demand driving it. While critics claim there is little retail interest in this cycle, the numbers suggest otherwise. Of the approximately $150 billion currently held in U.S.Bitcoin ETFs, about $135 billion come from direct retail purchases or advisors buying on behalf of retail clients.
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Last Friday, IBIT saw nearly $1 billion in daily inflows and $2.72 billion for the week. IBIT currently holds more than 3.6% of Bitcoin’s total supply.
