🔹 BlackRock's IBIT ETF has made history – in just 341 days, it managed to accumulate a staggering $70 billion in assets under management. That makes it the fastest-growing ETF of all time, shattering the previous record held by GLD, which took nearly five years to reach the same milestone.

🔹 For comparison, the second-largest spot Bitcoin ETF from Fidelity holds “only” $31 billion. IBIT is leading the crypto ETF race by a wide margin.

🚀 Record Growth Confirmed by Experts

According to Bloomberg ETF analyst Eric Balchunas, IBIT's growth speed is unprecedented. He wrote on social platform X:

“IBIT just crossed $70 billion and is now the fastest ETF to ever hit that mark – only 341 days. That’s 5x faster than the old record held by GLD at 1,691 days.”

IBIT has now cemented its lead among crypto ETFs, showing a massive surge in investor interest for Bitcoin through regulated investment products.

📊 BlackRock Now Holds Nearly 3% of All Bitcoin

BlackRock launched IBIT in January 2024, and since then the fund has absorbed roughly 2.8% of the total circulating supply of Bitcoin, according to Arkham Intelligence. This effectively means that nearly 3 out of every 100 BTC are held within this one fund.

It’s important to note that BlackRock doesn’t own the Bitcoin itself – it holds it on behalf of its clients, which is a key distinction from direct crypto ownership.

💰 Who Held the Previous Record?

Until now, the ETF space was dominated by SPDR Gold Shares (GLD) – a gold-backed ETF launched in 2004, which allows investors exposure to gold without physically owning bullion. While GLD still manages around $100 billion in assets, it took nearly five years to reach $70 billion, highlighting the exceptional pace of IBIT's growth and the rising appetite for crypto-based ETFs.

⚠️ Market Sending Caution Signals

While IBIT continues its record-setting ascent, signs from the broader Bitcoin market suggest that the window for low-risk opportunity may have closed.

🔹 The Realized Capitalization Variance (RCV) – a metric tracking volatility and momentum – has exited the “buy zone”, typically reserved for low-risk, high-momentum conditions.

🔹 Though RCV hasn’t yet entered the “red zone” – the sell signal threshold – it's now trending into a higher-risk neutral area, climbing above 0.3. Prices are rising, but the chances of entering the market at a favorable value are decreasing.

🧠 Traders Remain Cautious

Despite 30-day momentum staying positive, which is why no clear sell signal has been triggered yet, analysts warn that investors are proceeding with more caution. The euphoric energy of January is gone. Traders are now watching chart patterns more closely, and many are considering locking in profits if warning signs intensify.

A full sell signal would require:

🔹 RCV above +1

🔹 Negative 30-day momentum

🔹 A confirmed downward trend

So far, none of these conditions have been met, and the market remains in a wait-and-see phase.

📉 Accumulation Phase Is Over

Experts agree that the accumulation zone for Bitcoin – when it was relatively cheap and building momentum – is officially over. Anyone thinking about buying now should understand they’ve missed the low-risk entry window.

The current phase is not “overheated,” but it’s certainly not ideal for impulsive buying. Seasoned investors are holding back, focusing on strategic patience over emotional decisions.

Recap:

🔹 BlackRock’s IBIT broke the ETF record, hitting $70B in just 341 days

🔹 The fund holds 2.8% of all BTC in circulation, managed for clients

🔹 Market indicators show rising volatility and lower chances for value entry

🔹 Investors should be cautious – the low-risk opportunity has passed



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