Key Takeaways:
- BlackRock’s iShares Bitcoin Trust (IBIT) has now acquired 700,000 BTC, accumulating $76 billion in assets within just 18 months, surpassing notable ETFs like IVV (S&P 500) and IWM (Russell 2000).
- Since their debut 18 months ago, U.S. spot bitcoin ETFs have attracted $50 billion in net inflows, with IBIT at the forefront.
- Competitors Grayscale’s GBTC and Fidelity’s FBTC hold 184,000 BTC and 203,000 BTC, respectively.
BlackRock’s iShares Bitcoin Trust (IBIT) now boasts a holding of 700,000 bitcoin according to Glassnode, alongside a total of $76 billion in assets managed in just 18 months. This leap places it ahead of both the iShares Core S&P 500 ETF (IVV), which monitors the benchmark of U.S. equities, and the iShares Russell 2000 ETF (IWM), tracking small-cap U.S. stock performance.
The IBIT figures eclipse the 600,000 BTC held by Strategy (MSTR), which initiated acquisition in 2020, as well as Fidelity FBTC’s 203,000 BTC and Grayscale GBTC’s 184,000 BTC.
“New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous,” commented Nate Geraci, president of The ETF Store, in a post on X. Translation: A new record, the iShares Bitcoin ETF surpassed 700,000 BTC in just 18 months, which is astonishing.
The U.S. spot bitcoin ETFs launched in January 2024 and have marked the most successful ETF launches in history, drawing $50 billion in net inflow since inception.
IBIT ranks as the third-largest revenue-generating ETF for BlackRock among all its offerings, as noted by Eric Balchunas, a Senior Analyst at Bloomberg, indicating that BlackRock manages a total of 1,197 funds.
