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Meanwhile, BlackRock’s market-leading iShares Bitcoin Trust (IBIT), which is already the asset manager’s most profitable ETF, is nearing $100 billion in assets under management.
Bumper Day For BTC ETFs
The nearly dozen US-based spot Bitcoin ETFs logged their second-largest day of inflows on Monday. The funds saw a cumulative $1.18 billion in inflows, second only to Nov. 7, 2024, when the ETFs drew in a record $1.37 billion after pro-crypto Donald Trump won the election to become the next President of the United States.
BlackRock’s IBIT led the charge with a staggering $970 million in investor money entering the vehicle on Monday, according to Farside data. The Fidelity Wise Origin Bitcoin Fund (FBTC) followed with an inflow of $112.3 million, while Bitwise’s BITB and Grayscale’s Bitcoin Mini Trust (BTC) raked in $60.1 million and $30.6 million, respectively.
As Bloomberg’s ETF analyst James Seyffart noted in a Monday post on X, the 11 Bitcoin funds have cumulatively clocked approximately $60 billion since their debut last year. The significant demand for these spot Bitcoin ETFs underscores the massive influence of institutional investors in the current bull market, with retail investors reportedly still on the sidelines.
 
BlackRock’s IBIT Set To Be Fastest Ever ETF To Hit $100B AUM
The BlackRock BTC ETF is on the brink of crossing $100 billion in assets under management. As highlighted by Seyffart’s colleague, Eric Balchunas, IBIT has generated an estimated $245 million in annual revenue, making it now the most profitable ETF for the Wall Street giant by a huge margin.
IBIT currently has an AUM of roughly $98.46 billion in Bitcoin and cash, and it holds 783,767 BTC, data from its official website shows.
The world’s largest ETF, the Vanguard S&P 500 ETF, took 2,011 days to achieve the $100 billion milestone, while BlackRock’s IBIT is about to do it in just under 450 days, NovaDius President Nate Geraci posited. “Easily fastest ever,” he said, adding that only 18 of over 4,500 trading ETFs since 1993 boast $100 billion in assets under management.
Bitcoin traded hands at around $124,880 as of publication time, up 0.3% on the day, according to crypto data provider CoinMarketCap.