The Bitcoin ETF from BlackRock, iShares Bitcoin Trust (IBIT), has set a historic record, becoming the fastest-growing exchange-traded fund (ETF) in the world. In just 341 days, IBIT reached $70 billion in assets under management, five times faster than the previous record holder – the SPDR Gold Shares (GLD), which took 1691 days. This breakthrough highlights the growing demand for $BTC as an alternative to traditional assets, particularly gold.
In 2025, IBIT attracted $6.96 billion in inflows, surpassing GLD ($6.51 billion), despite the rapid increase in gold prices. The low volatility of IBIT (47.64 over a 90-day period) appeals to institutional investors who see Bitcoin as 'digital gold.' Bloomberg analyst Eric Balchunas forecasts that Bitcoin ETFs could triple the capital of gold funds in the coming years.
IBIT dominates the market, significantly outpacing competitors such as Fidelity (FBTC) with $31 billion in assets. This success reflects a shift in investor sentiment, with more and more choosing Bitcoin over gold for portfolio diversification.
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