BlackRock Bitcoin ETF Becomes Fastest Fund to Reach $80 Billion AuM
Highlights
- BlackRock Bitcoin ETF hits $80B AuM, breaking all historical ETF growth records.
- IBIT reached milestone in 374 days, faster than any equity or commodity ETF.
- ETF now holds over 700K BTC, and is on course to surpass Satoshi Nakomoto's holdings by next year.
BlackRock Bitcoin ETF has officially become the fastest ETF in history to reach $80 billion in assets under management. The Fund’s growth has been rapid and consistent since its launch, hitting several milestones since its launch last year.
BlackRock Bitcoin ETF Surpasses $80 Billion in Record Time
SoSoValue data shows that BlackRock iShares Bitcoin Trust (IBIT) reached this value of $80 billion within 374 days. This record is the fastest in history as it breaks the existing record of the Vanguard S&P 500 ETF (VOO), which reached the same milestone in 1,814 days.
IBIT saw inflows of $448 million on July 10 alone, while the value traded was over $5.39 billion. This raised its cumulative net inflow to $53.45 billion. Its net asset value now stands at $80.11 billion, with a market price of $64.50 per share. These statistics serve as proof of the growing interest in BlackRock’s Bitcoin ETF, alongside institutional interest in Bitcoin.
BlackRock Bitcoin ETF is now the 21st-largest ETF in the world. This achievement is not only due to the inflow of capital, but also due to the rise in the BTC price. The Fund’s total performance is boosted by its underlying BTC exposure, which now represents 3.55% of all circulating Bitcoin.
IBIT Surpasses Traditional ETFs in Achieving Milestone
Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the ETF’s historic rise on X, noting that the Fund achieved this milestone approximately five times faster than any ETF before it. He also stated that the total assets under management for all spot Bitcoin ETFs have passed $140 billion for the first time ever.
The impressive growth of BlackRock Bitcoin ETF is more remarkable due to its supremacy over the traditional equity ETFs. A chart comparison of IBIT with VOO, IEFA, and IEMG indicates that it got to $80 billion much quicker than popular funds.
IEFA required 2,034 days to achieve the same level while IEMG required 2,089 days. In contrast, the BlackRock Bitcoin ETF achieved this in just over a year. It is also worth noting how IBIT reached $70B in AuM five times faster than gold.
Meanwhile, it is worth mentioning that as part of this latest record, the BlackRock Bitcoin ETF has also crossed the 700,000 BTC milestone. Balchunas noted that the Fund is on course to surpass Bitcoin Satoshi Nakamoto’s BTC holdings by next year.
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