BlackRock’s Bitcoin ETF May Become Fastest to Surpass $80 Billion in Assets Under Management

Key Points

1. BlackRock’s iShares Bitcoin Trust (IBIT) reached $80 billion in AUM in just 374 days, outpacing traditional ETFs like the Vanguard S&P 500 ETF.

2. On July 10, IBIT attracted $448 million in inflows, with total net inflows exceeding $53 billion and trading volumes hitting $5.39 billion.

3. IBIT holds over 700,000 BTC, accounting for approximately 3.55% of Bitcoin’s circulating supply.

4. The ETF is now the 21st-largest globally, surpassing several traditional equity-focused funds.

5. Bloomberg ETF analyst Eric Balchunas highlighted the unprecedented speed of IBIT’s growth, noting it as a milestone in the crypto market.