The BlackRock spot Bitcoin (BTC) ETF has become the fastest-growing ETF in history, exceeding $70 billion in just 341 days of trading.
One of the largest asset management companies in the world, BlackRock, has set a major record with the Bitcoin-based ETF product IBIT. According to Bloomberg ETF analyst Eric Balchunas, IBIT reached $70 billion in assets in just 341 days since trading began. This figure is recorded as a speed previously unmatched in the history of ETFs.
This record IBIT speed has left far behind the previous record holder - the SPDR Gold Shares ETF (GLD), which offers gold-based investments. GLD took a full 1,691 days to achieve the same success. The achieved IBIT volume also makes it the most popular Bitcoin ETF on the market at this time. In second place is the Fidelity spot Bitcoin ETF, which manages approximately $31 billion in assets.
Bitcoin and gold seem to attract attention as safe assets amid growing economic uncertainty due to U.S. President Donald Trump's tariff policy this year. The rapid growth of IBIT is also interpreted as an indicator that investor interest in crypto assets is shifting to traditional safe assets like gold.
The BlackRock spot Bitcoin ETF was first launched on the market in January 2024. According to Arkham Intelligence, in April, BlackRock held 2.8% of the total circulating BTC on behalf of its clients. However, it is known that the asset management company does not directly own Bitcoin but only provides custody services on behalf of its clients.
