BlackRock’s iShares Bitcoin Trust (IBIT), launched on January 11, has reached $50.60 billion in assets under management in just 228 days, breaking the record previously held by iShares Core MSCI EAFE ETF (IEFA). This milestone is a testament to its rapid growth and success among spot Bitcoin ETFs.
BlackRock’s iShares Bitcoin Trust , launched on January 11, has become the fastest exchange-traded fund to reach $50 billion in assets under management . Data from SosoValue shows that IBIT currently has $50.60 billion in AUM.
The AUM refers to the total value of Bitcoin managed by the fund. In the context of a spot Bitcoin ETF, the AUM is directly tied to the value of the BTC held by the ETF, as it aims to mirror the price movements of the digital asset in the spot market., it took IBIT only 228 days to reach this milestone, adding that the previous record holder, BlackRock’s iShares Core MSCI EAFE ETF , took 1,329 days to achieve the same. This means that IBIT achieved this feat 5x faster than any ETF ever launched.
Among the 11 spot Bitcoin ETFs launched in January, BlackRock’s IBIT has continued to outperform others in multiple metrics. Within five months of its release, it surpassed the pre-existing Grayscale Bitcoin Trust in AUM. IBIT is also the highest in terms of historical net inflows. On its most recent trading day , the fundthe highest inflow amongst its peers, totaling $571.71 million. This took its historical net inflow to a staggering $33.34 billion, according to Sosovalue.
Moreover, the approval and success of spot Bitcoin ETFs have driven increased institutional investment in BTC. As of the time of writing, the total net asset value of spot Bitcoin ETFs stands at $108.23 billion, representing 5.54% of Bitcoin’s market value. The fund’s historical cumulative net inflow has crossed $32.29 billion.in the price of BTC. The original cryptocurrency rose 6% to hit a new all-time high of $103,679 earlier Thursday.
BLACKROCK BITCOIN ETF ASSETS UNDER MANAGEMENT INVESTMENT TRUST
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock's Bitcoin ETF Crosses $50 Billion MilestoneBlackRock just broke major AUM record 5x faster than IEFA
Read more »
XRP and ADA ETF Filings Predicted by Top AnalystETF issuers are expected to reveal new altcoin ETF filings this week
Read more »
The best gifts under $50 that make great stocking stuffersValentina Palladino has been writing about consumer tech for over a decade, focusing on smartwatches, fitness trackers, laptops, smart home gadgets and accessories.
Read more »
The best Amazon gifts under $25, $50 and $100Commerce Writer
Read more »
Gifts Under $50 for the Food Lovers on Your ListThe best gifts under $50 for all the food obsessives on your list, including compact coffee makers to breakfast-themed puzzles.
Read more »
Sean 'Diddy' Combs Proposes New $50 Million Bail PackageSean 'Diddy' Combs and his legal team proposed a new $50 million bail package as he awaits his May 2025 trial on sex trafficking and racketeering charges
Read more »