Oh, the times, they are a-changin’, and how! BlackRock’s iShares Bitcoin Trust (IBIT) has not just entered the scene; it has burst through the gates of the ETF world like a comet, officially amassing $80 billion in assets under management a mere 374 days after its grand debut. Bloomberg’s Eric Balchunas, the oracle of the financial world, proclaims this a new record for the ETF industry. 🌟
For context, let’s take a stroll down memory lane: it took Vanguard’s $VOO a whopping 1,814 days to reach the same milestone. IBIT, however, didn’t just sprint past the finish line; it rewrote the entire script. As of July 10, IBIT boasts $80.11 billion in net assets, with cumulative net inflows of $53.45 billion—four times more than the next closest competitor in the Bitcoin ETF space. 🤯
Daily flows offer a tantalizing glimpse into the madness. IBIT raked in a staggering $448.49 million in a single day, leaving all other spot Bitcoin ETFs in the dust. Fidelity’s FBTC managed a respectable $324.34 million in daily inflows, and ARK 21Shares’ ARKB brought in $268.70 million. But let’s be real, they’re just playing catch-up. 🏃♂️💨
The big picture? The total assets of all U.S.-listed spot Bitcoin ETFs have now reached a historic $140 billion for the first time, and IBIT alone accounts for more than half of that figure. The list of contenders includes Fidelity ($23.50 billion), Grayscale’s secondary BTC trust ($5.13 billion), Bitwise ($4.62 billion), and VanEck ($1.80 billion)—but none of them can match the scale and momentum that BlackRock has brought to the table. 🏆
IBIT’s meteoric rise is a testament to a perfect storm of Bitcoin’s stellar price performance and a steady stream of inflows from both institutional and retail investors. It’s not just about the product; it’s a clear indication that the big money is now comfortable placing its Bitcoin bets. 🎲💰
From launch to $80 billion in just over a year, BlackRock’s presence in Bitcoin has not only paid off but has surpassed all the hopes and dreams that were floating around before January 2024. The new $118,000 all-time high is a testament to this. 🚀
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2025-07-11 18:20