BlackRock’s iShares Bitcoin Trust (IBIT) has reached $80 billion in assets under management in less than 13 months, establishing a new benchmark for Bitcoin exchange-traded funds. This growth rate is nearly five times faster than Vanguard’s S&P 500 ETF (VOO), reflecting surging institutional confidence in cryptocurrency as an asset class.
IBIT dominates daily inflows among U.S. spot Bitcoin ETFs with $448.49 million, significantly outpacing competitors like Fidelity’s FBTC ($324.34 million) and ARK 21Shares’ ARKB ($268.70 million). The broader U.S. spot Bitcoin ETF market has collectively surpassed $140 billion in assets, with Fidelity’s fund holding $23.50 billion and Grayscale’s secondary BTC trust at $5.13 billion.
BlackRock’s entry into the Bitcoin ETF space has substantially legitimized cryptocurrency investments for traditional finance participants. The milestone coincides with Bitcoin achieving a new all-time high of $118,000, with IBIT’s success establishing a high competitive bar and indicating potential for further expansion across the Bitcoin ETF landscape.