[BlackRock Bitcoin ETF joins the $10 billion club]
BlackRock’s iShares Bitcoin Trust (IBIT) quickly joined the exclusive $10 billion club, setting a new record for the fastest exchange-traded fund (ETF) to reach $10 billion in assets under management (AUM) in just seven weeks . The achievement highlights the burgeoning interest among institutional investors in cryptocurrency investment vehicles.
In the Bitcoin ETF industry, Grayscale Bitcoin Trust (GBTC) leads the way with $25.7 billion in total assets, despite declining liquidity. BlackRock’s iShares Bitcoin Trust (IBIT) follows closely behind with $21.9 billion in assets and $7.7 billion in inflows, demonstrating the high level of investor trust and interest in it. Fidelity’s Wise Origin Bitcoin Fund (FBTC) ranks third with $13.2 billion in assets and $4.7 billion in inflows.
Other significant Bitcoin ETFs include the ARK 21Shares Bitcoin ETF (ARKB), the Bitwise Bitcoin ETF (BITB), and the Invesco Galaxy Bitcoin ETF (BTCO), with assets of $4.5 billion, $4.4 billion, and $2 billion respectively.
Compared to traditional ETFs, the SPDR S&P 500 ETF Trust (SPY) leads the way with $497.9 billion in AUM, showing investors' long-term confidence in the stock market. Other leading traditional ETFs include iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), Vanguard Total Stock Market ETF (VTI) and Invesco QQQ Trust Series I (QQQ), each with $442.7 billion in AUM , US$413.7 billion, US$374.8 billion and US$252.6 billion.
