BlackRock’s iShares Bitcoin Trust (IBIT) has set a new record as the fastest exchange-traded fund to surpass $80 billion in assets under management (AUM), achieving this milestone within just 374 days of launch. This growth rate notably outpaces traditional ETFs including the Vanguard S&P 500 ETF and signifies escalating institutional confidence in Bitcoin and the broader cryptocurrency sector.
On July 10, IBIT recorded $448 million in daily inflows, pushing its total net inflows beyond $53 billion as trading volumes hit $5.39 billion. The trust now holds more than 700,000 BTC, representing approximately 3.55% of Bitcoin’s total circulating supply.
IBIT has risen to become the 21st-largest ETF worldwide, surpassing multiple established equity-focused funds. Bloomberg ETF analyst Eric Balchunas described the fund’s unprecedented expansion as a landmark event showcasing the accelerating maturation of the cryptocurrency market.