Claim BonusBlackRock’s Bitcoin ETF Smashes $70B Mark in Record Time, 5X Faster Than Gold
Highlights
- BlackRock's IBIT has surged past $70 billion in only 341 days.
- The meteoric rise sees it break the previous record held by GLD.
- BlackRock's ETF has been recording a wave of consistent inflows since launch to rise to the top of the Bitcoin ETF rankings.
Consistent inflows have propelled BlackRock’s spot Bitcoin ETF past the $70 billion mark, setting a world record in the process. BlackRock’s IBIT reached the milestone in less than one year since it began trading, five times faster than the previous record holder.
BlackRock’s IBIT Sets New Bitcoin ETF Record
According to market data shared by Bloomberg Senior ETF analyst Eric Balchunas, BlackRock’s iShares Bitcoin Trust (IBIT) has crossed the $70 billion valuation mark. This surge in valuation makes it the fastest ETF in history to reach the milestone.
Specifically, the ETF reached the milestone in 341 trading days, five times faster than the SPDR Gold Shares ETF (GLD). For context, GLD took 1,691 days to reach a $70 billion valuation, while IEFA and VOO reached the milestone in 1,773 and 1703 days, respectively.
BlackRock’s ETF Is Courting Institutional Attention
BlackRock’s Bitcoin spot ETF has been setting records since its market debut in 2024. After a blistering start, it entered the top-five US ETF list with over $9 billion in inflows since the start of 2025.
Meanwhile, the impressive metrics around BlackRock’s Bitcoin ETF have triggered institutional interest. The Moscow Stock Exchange has listed Bitcoin futures linked to IBIT, offering access to accredited investors.
Furthermore, JPMorgan has confirmed plans to offer Bitcoin ETF loans, beginning with BlackRock’s IBIT, with broader expansion planned in the future.
Currently, the ETF holds 661,457 BTC on behalf of investors, making it the largest institutional Bitcoin holder, surpassing Michael Saylor’s Strategy. Shares of the ETF are trading at $61.46, up by 3.71% over the last day, buoyed by rising inflows.
Meanwhile, recent reports of BlackRock selling Bitcoin to acquire Ethereum have done little to dampen investor enthusiasm for IBIT. Given its rapid growth, analysts predict IBIT could surpass Satoshi Nakamoto’s Bitcoin holdings as early as 2026.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Falters as China Pushes Risk-Off, Orders Banks to Sell US Treasuries
- TRX Price Rebounds as Tron’s Treasury Push Gains Backing from Justin Sun
- 3 Reasons Why Bitcoin and Gold Prices Are Going Up
- Why is Crypto Market Up Today (Feb 9)
- Will Bitcoin Crash Again as ‘Trump Insider’ Whale Dumps 6,599 BTC
- Cardano Price Prediction as Midnight Token Soars 15%
- Bitcoin and XRP Price Outlook Ahead of Crypto Market Bill Nearing Key Phase on Feb 10th
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
