BlackRock’s spot Bitcoin ETF has achieved a groundbreaking milestone by becoming the fastest exchange-traded fund to exceed $70 billion in assets under management. The rapid growth of BlackRock’s IBIT reflects a strong market confidence and positions the offering as a potential game-changer in the evolution of crypto investment products.
Analyst Eric Balchunas praised BlackRock’s IBIT growth, noting that it surpassed the $70 billion mark in just 341 days, making it the fastest ETF to achieve this milestone. This achievement is particularly impressive considering that the previous record holder, SPDR Gold Shares (GLD), took over 1,600 trading days to reach the same level.
Since its debut in 2024, BlackRock’s IBIT has attracted over $9 billion in inflows in 2025 alone, solidifying its position among the top five U.S. ETFs. In a recent development, BlackRock acquired 2,704 Bitcoins and 28,239 Ethereum tokens, further bolstering its presence in the cryptocurrency market.
Institutions are increasingly showing interest in IBIT, with the Moscow Stock Exchange listing Bitcoin Futures tied to the ETF. JPMorgan is also planning to offer ETF-backed loans, starting with BlackRock’s flagship crypto fund, signaling growing confidence in Bitcoin-focused investment products.
With over 661,000 BTC under management, BlackRock’s IBIT has become the largest institutional holder of Bitcoin globally, surpassing competitors like Binance and Michael Saylor’s Strategy. The ETF’s current value stands at $71.9 billion, positioning it to potentially overtake Satoshi Nakamoto’s estimated holdings by next summer.
As IBIT shares trade near $62 and Bitcoin surpasses the $110,000 mark, the ETF continues to outperform its peers, securing nearly $49 billion in net inflows since its inception. This impressive trajectory solidifies IBIT as the most influential player among spot Bitcoin ETFs in the U.S. market.