BlackRock’s IBIT Becomes the Fastest ETF to Hit $70 Billion—You Won’t Believe This!

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Well, well, well! BlackRock’s spot Bitcoin ETF has officially become the Usain Bolt of exchange-traded funds, zipping past the $70 billion mark in record time! 🏃‍♂️💨

According to a June 9 post on X by Bloomberg ETF analyst Eric Balchunas, the iShares Bitcoin Trust crossed the $70 billion finish line in just 341 days! That’s five times faster than the previous record of 1,691 days set by the SPDR Gold Shares ETF. Talk about a turbo boost! 🚀

$IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days, which is 5x faster than the old record held by GLD of 1,691 days. Nice chart from @JackiWang17

— Eric Balchunas (@EricBalchunas) June 9, 2025

Now managing a whopping $71.9 billion in assets and holding 661,457 Bitcoin (BTC), BlackRock has officially claimed the title of the world’s largest institutional holder of Bitcoin! Take that, Binance and Strategy! 💰💪 The ETF is currently trading at $61.77 per share and has raked in $201 million in inflows so far this June, following a jaw-dropping $5.9 billion in May. Can I get a “cha-ching”? 💸

The fund kicked off its trading on the Nasdaq on Jan. 11, 2024, just a day after spot Bitcoin ETFs were given the green light by U.S. regulators. On its first day, it saw over $1 billion in trading volume! That’s what I call a grand entrance! 🎉

In an interview with Yahoo Finance on June 9, Robert Mitchnick, head honcho of digital assets at BlackRock, attributed IBIT’s meteoric rise to Bitcoin’s newfound fame as an inflation hedge and alternative store of value. He also mentioned that IBIT has outpaced even the world’s largest gold fund in inflows this year, with a staggering $6.96 billion net since January. Who knew gold could be so… yesterday? 🥱

Some analysts are even speculating that BlackRock could eventually surpass Bitcoin’s mysterious creator, Satoshi Nakamoto, who is estimated to hold around 1.1 million BTC. Balchunas previously projected this could happen by the end of next summer. Hold onto your hats, folks! 🎩

And just when you thought it couldn’t get any crazier, on June 4, Russia’s MOEX exchange launched futures for IBIT, though these are only for accredited investors. IBIT’s rise is perfectly timed with the growing interest in crypto ETFs and institutional exposure to Bitcoin, solidifying its position as the heavyweight champion in the ever-evolving digital assets ring! 🥊

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2025-06-10 09:21