BlackRock’s iShares Bitcoin Trust (IBIT) has set a new record as the fastest-growing ETF ever, surpassing $80 billion in assets under management just 374 days after launch.
This remarkable rise outpaces even the Vanguard S&P 500 ETF, which took nearly five years to hit the same milestone.
According to data from SoSoValue, IBIT attracted $448 million in fresh inflows on July 10 alone, pushing total net inflows above $53 billion. Trading volumes topped $5.39 billion that day, with each share priced at $64.50. The ETF now holds over 700,000 BTC, representing about 3.55% of Bitcoin’s total supply.
IBIT’s performance reflects not just growing investor demand, but also the surge in Bitcoin’s price. It now ranks as the 21st-largest ETF globally, climbing ahead of traditional equity-focused funds like VOO, IEFA, and IEMG in record time.
Bloomberg ETF analyst Eric Balchunas noted that IBIT hit this milestone five times faster than any other ETF. With the total value of all spot Bitcoin ETFs now exceeding $140 billion, BlackRock’s aggressive expansion in crypto continues to lead the charge.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/blackrocks-bitcoin-etf-breaks-80b-barrier-faster-than-any-fund-in-history/