BlackRock’s iShares Bitcoin Trust (IBIT) is nearing $100 billion in assets under management, propelled by unprecedented institutional and retail demand. This development marks a historic landmark in the evolution of cryptocurrency exchange-traded funds.
Currently overseeing approximately $88 billion in assets, IBIT achieved this growth within 18 months of its debut, emerging as BlackRock’s most profitable ETF offering. Retail investors constitute about 90% of the $150 billion held across U.S. Bitcoin ETFs, substantially contributing to IBIT’s expansion.
The fund now holds more than 3.6% of Bitcoin’s total circulating supply and ranks as the 20th largest ETF in the U.S. market. IBIT’s record-setting performance has established a new benchmark for cryptocurrency investment products, encouraging broader institutional adoption of Bitcoin.
This swift accumulation of assets underscores Bitcoin’s accelerating acceptance as an institutional-grade investment vehicle. Industry analysts view IBIT’s trajectory as signaling heightened mainstream confidence in cryptocurrency market infrastructure.