BlackRock’s iShares Bitcoin Trust (IBIT) has reached a record $91.06 billion in assets under management (AuM), cementing its dominance in the U.S. spot Bitcoin ETF market despite a sharp downturn in Bitcoin’s price.According to the latest market data, IBIT’s total net inflows climbed to $58.04 billion as of August 13, highlighting sustained investor interest. On the same day, the fund closed at $69.84 per share, trading 0.57% above its net asset value, reflecting robust demand in the ETF market.
Since launching in January 2024, IBIT has experienced explosive growth, attracting both institutional and retail investors. In its first month, it broke records for any new U.S. ETF launch, surpassing $5 billion in net inflows. By mid-July 2025, it had already exceeded $80 billion in cumulative inflows before surging to its current $91.06 billion milestone.
IBIT now holds 3.72% of the total Bitcoin supply — roughly 54.82 million shares valued at $3.79 billion. Its scale dwarfs competitors like Fidelity’s FBTC with $24.77 billion AuM and Grayscale’s GBTC with $22.18 billion AuM, the latter still battling $23.72 billion in cumulative outflows since converting to an ETF. Other players, such as Ark Invest’s ARKB and Bitwise’s BITB, remain smaller with $5.58 billion and $5.02 billion in assets respectively.
Bitcoin Price Drop Sparks $1B in Liquidations
The ETF’s record comes amid a turbulent week for Bitcoin. BTC hit a record $124,000 earlier this week on optimism that the U.S. Federal Reserve would cut interest rates by 25 basis points. However, hotter-than-expected U.S. Producer Price Index (PPI) data dampened those hopes, triggering a rapid sell-off.
Within minutes, Bitcoin plunged below $118,000, prompting over $1 billion in total crypto liquidations, including $930 million in leveraged Bitcoin positions. Automatic liquidation mechanisms across major exchanges quickly closed positions to limit losses.
Despite the price shock, IBIT’s investor base remained resilient, with many viewing the dip as a buying opportunity. Analysts note that IBIT’s long-term holders appear less influenced by short-term market swings compared to other ETF investors.
The post appeared first on CryptosNewss.com