BlackRock’s iShares Bitcoin ETF (IBIT) has achieved unprecedented growth, surpassing $70 billion in assets under management within 341 days. This milestone represents the fastest accumulation of assets in ETF history.
Financial advisors currently hold approximately 20% of IBIT shares, a figure projected to potentially rise to between 35% and 40% within the next year. This anticipated surge is attributed to increasing adoption by major wirehouse platforms.
The ETF’s rapid ascent has been fueled by a confluence of factors, including a significant Bitcoin price rally nearing $105,000 and a regulatory environment perceived as more favorable under the Trump administration.
Reflecting growing institutional confidence, financial advisors are increasingly advocating for higher cryptocurrency allocations within client portfolios. Some aggressive strategies now suggest allocations reaching up to 40%.
The overwhelming success of IBIT signals a major shift towards regulated cryptocurrency investment products. It effectively bridges the gap between traditional finance and the digital asset ecosystem, demonstrating robust institutional adoption.