BlackRock’s Bitcoin ETF, IBIT, has achieved unprecedented growth, amassing $40 billion in assets within 211 days, making it the fastest-growing ETF to date. Now ranked in the top 1% of ETFs by assets, IBIT’s rapid ascent underscores both strong institutional interest and BlackRock’s strategic approach, including a record single-day acquisition of nearly 9,000 BTC.
With Bitcoin prices soaring above $93,000, IBIT’s performance has become a defining marker in the current bull market. According to Bloomberg analyst Eric Balchunas, IBIT’s growth rate far outpaced other ETFs, reaching $40 billion six times faster than the previous record holder. This week alone, IBIT saw $230.8 million in new inflows, highlighting BlackRock’s leading influence in the Bitcoin ETF space.
BlackRock’s aggressive acquisition strategy, recently purchasing 8,985 BTC in a single day, has set it apart from other ETFs. Analysts like Shaun Edmondson note that Bitcoin ETFs are approaching the scale of Satoshi Nakamoto’s holdings, with Grayscale, the next largest Bitcoin fund, slightly reducing its assets over the same period.
With Bitcoin’s value continuing to break records, IBIT’s success reflects BlackRock’s dominance in the crypto ETF arena and positions it as a key player in the ongoing crypto market surge.
