BlackRock Bitcoin ETF reached $80 billion in assets faster than any other ETF in history within just 374 days.
IBIT now holds over 700000 Bitcoin which is more than three percent of the total supply in circulation.
All spot Bitcoin ETFs in the United States now have a combined total of over $140 billion in managed assets.
BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest ETF in history to reach $80 billion in assets under management. The fund achieved this within 374 days, surpassing the previous record set by the Vanguard S&P 500 ETF, which took 1,814 days to reach the same level.
https://twitter.com/CoinpediaNews/status/1943923532846559458
According to SoSoValue, IBIT saw $448 million in net inflows on July 10 alone. That same day, its trading volume exceeded $5.39 billion, pointing to strong liquidity. Its current net asset value stands at $80.11 billion, with shares trading around $64.50 each.
IBIT Outpaces Traditional and Gold ETFs
The fund has outperformed major traditional ETFs in reaching this milestone. IEFA and IEMG took over 2,000 days each to reach $80 billion. In contrast, IBIT achieved this in just over one year. This rapid climb also beats gold-backed ETFs, which took five times longer to gather $70 billion in assets.
IBIT now holds over 700,000 BTC, which represents around 3.55% of all circulating Bitcoin. The growth has been fueled by rising investor demand for regulated exposure to Bitcoin. The ETF structure appeals to institutions looking to avoid handling private keys or direct custody.
Institutional Demand Lifts IBIT to New Heights
IBIT’s quick ascent shows increasing institutional confidence in Bitcoin as a financial asset. The total value across all U.S. spot Bitcoin ETFs has now crossed $140 billion for the first time. This shift highlights growing adoption of crypto by major financial institutions.
Eric Balchunas, a Bloomberg ETF analyst, noted that IBIT’s rise was about five times faster than any previous ETF. This reflects how digital assets are becoming more accepted within mainstream finance.
https://twitter.com/EricBalchunas/status/1943664470032576876 Bitcoin Adoption Signals Portfolio Diversification
IBIT’s accumulation of over 700,000 BTC positions it among the largest holders of the asset globally. The fund may soon surpass the estimated holdings of Bitcoin’s creator, Satoshi Nakamoto. If the current trend continues, BlackRock could exceed that figure by 2026.
The ETF is now the 21st largest in the world, ahead of many long-established equity funds. This success points to a shift in how investors view Bitcoin. Many now treat it as a store of value, similar to gold. IBIT’s growth marks a pivotal moment for crypto in traditional finance. Its record-breaking rise is reshaping the ETF landscape.
