Bitcoin ETF Surges to $80B, Shaking Up the Market

1. BlackRock Breaks Records: Bitcoin ETF IBIT Hits $80B in Just 374 Days

BlackRock’s Bitcoin ETF, IBIT, has officially surpassed $80 billion in assets under management (AUM)—an astonishing feat achieved in just 374 trading days. This growth makes IBIT the fastest-growing ETF in financial history, outpacing even traditional funds like SPY, VOO, and the gold ETF GLD.

2. How Much Bitcoin Does IBIT Hold?

As of the latest update, IBIT holds over 706,000 BTC, representing about 3.55% of Bitcoin’s total circulating supply worldwide. This makes IBIT the largest institutional holder of Bitcoin globally, surpassing major players like Grayscale and Fidelity.

3. Wall Street Is Stunned by IBIT’s Growth Speed

While traditional ETFs like the gold fund GLD took over 15 years to reach $80 billion, BlackRock’s IBIT achieved this milestone in less than 13 months. This rapid growth not only shocked financial institutions but also signals a new chapter in the institutionalization of the crypto market.

4. What’s Fueling IBIT’s Record-Breaking Growth?

• The legalization of spot Bitcoin ETFs in the U.S. (2024) opened the floodgates for institutional capital.

• Growing demand from pension funds, asset managers, and investment banks.

• Bitcoin’s new price highs in July significantly boosted IBIT’s AUM.

• On July 10, IBIT recorded a record inflow of $1.17 billion, the second-highest single-day inflow in Bitcoin ETF history.

5. Is IBIT Surpassing Gold ETFs?

Some analysts describe IBIT’s rise as a “wealth revolution,” where Bitcoin is gradually replacing gold in institutional portfolios. IBIT’s growth rate is reportedly five times faster than VOO (an S&P 500 ETF).

6. Conclusion: BlackRock Leads the Global Digital Asset Wave

With $80 billion achieved at record speed, IBIT is not only validating Bitcoin’s appeal but also solidifying BlackRock’s leadership in digital assets. This could mark the start of a long-term growth cycle, where Bitcoin becomes a must-have strategic asset in institutional portfolios.