$80,000,000,000: BlackRock Bitcoin ETF IBIT Goes Parabolic

Key Points

1. BlackRock's IBIT reached $80 billion in assets under management in 374 days, a record pace compared to Vanguard's $VOO, which took 1,814 days to achieve the same.

2. As of July 10, IBIT has $80.11 billion in net assets with cumulative net inflows of $53.45 billion, four times more than its closest Bitcoin ETF competitor.

3. Daily inflows for IBIT were $448.49 million, surpassing Fidelity's FBTC ($324.34 million) and ARK 21Shares' ARKB ($268.70 million).

4. Total assets of all U.S.-listed spot Bitcoin ETFs have now reached $140 billion, with IBIT accounting for more than half of that figure.

5. The rapid growth of IBIT is attributed to strong Bitcoin price performance and BlackRock's significant presence in the Bitcoin market.