BlackRock’s iShares Bitcoin Trust (IBIT) has achieved a significant milestone by accumulating $80 billion in assets under management (AUM) in a record-breaking timeframe of just 374 days. This rapid growth eclipses the time taken by the previous fastest AUM growth record holder, Vanguard’s S&P 500 ETF (VOO), which required nearly five years to reach the same level.
Recent trading activity underscores its strong momentum. On July 10, IBIT recorded net inflows of $448 million, accompanied by a significant trading volume exceeding $5.39 billion. Shares in the ETF closed the day at $64.50 each.
The fund’s holdings also highlight its substantial position within the Bitcoin market. IBIT custodies over 700,000 Bitcoin, representing approximately 3.55% of Bitcoin’s entire circulating supply.
The remarkable rise of IBIT sets a new precedent. Bloomberg ETF analyst Eric Balchunas emphasized its unprecedented growth trajectory, suggesting it establishes a benchmark for the future development of digital asset ETFs.
IBIT’s success contributes to a broader industry trend. Collectively, spot Bitcoin exchange-traded funds have surpassed $140 billion in total assets under management. This burgeoning figure signals rapidly increasing institutional adoption of Bitcoin and underscores how digital assets are reshaping conventional investment frameworks.