BlackRock iShares Bitcoin Trust (IBIT) has achieved a significant milestone of $80 billion in assets under management in just 374 days since its launch. This accomplishment highlights IBIT's unique position among investment funds.
Growth Records of BlackRock iShares Bitcoin Trust
According to SoSoValue data, IBIT saw $448 million in net inflows on July 10, with trading volume exceeding $5.39 billion on the same day. The net asset value of the ETF stands at $80.11 billion, with each share trading around $64.50. These figures not only represent significant investment but also growing investor interest in Bitcoin.
Comparison with Traditional ETFs and Gold
IBIT has significantly outpaced traditional ETFs and gold-backed funds. For instance, it took ETF IEFA 2,034 days to reach the same level, while IBIT achieved this milestone in just over a year. Bloomberg analyst Eric Balchunas characterized this growth as "historic," noting that IBIT reached this milestone five times faster than any other fund. He also pointed out that the combined total assets for all US-listed Bitcoin ETFs surpassed $140 billion for the first time.
Potential of IBIT in the Bitcoin Market
BlackRock iShares Bitcoin Trust now holds over 700,000 BTC, making it one of the largest institutional holders of Bitcoin. If the current pace of accumulation continues, BlackRock may surpass the holdings of Bitcoin's creator, Satoshi Nakamoto, by 2026. IBIT ranks as the 21st largest ETF worldwide, underscoring the speed with which a crypto-related financial product can gain trust on Wall Street.
The success of BlackRock iShares Bitcoin Trust signifies a substantial shift in the perception of digital assets within traditional financial systems. With growing interest from institutional investors and strong inflows, IBIT not only sets a new standard for ETFs but also marks an important step toward institutional adoption of Bitcoin.
