Bitcoin ETF IBIT reached a record asset level, surpassing $80 billion in a short time, indicating growing investor interest.
Record Inflows to IBIT
On July 10, IBIT attracted $448 million in new inflows, pushing total net inflows above $53 billion. On that day, trading volume topped $5.39 billion, with each share priced at $64.50. The ETF now holds over 700,000 BTC, representing about 3.55% of Bitcoin's total supply.
Comparison with Traditional Funds
IBIT outpaced traditional equity ETFs such as VOO, IEFA, and IEMG, becoming the 21st largest ETF globally. Bloomberg ETF analyst Eric Balchunas noted that IBIT hit this milestone five times faster than any other ETF. This highlights not only increasing investor interest but also the overall trend of rising Bitcoin prices.
Bitcoin Market and Investment Prospects
The total value of all Bitcoin ETFs now exceeds $140 billion, indicating that BlackRock's aggressive expansion in the crypto segment is setting the tone in the market. The success of IBIT may also signal an increase in demand for cryptocurrency assets among a broader range of investors.
IBIT has set a new standard for ETFs in the cryptocurrency market, redefining investment opportunities and showing significant interest from investors.
