- BlackRock’s iShares Bitcoin Trust (IBIT) was launched in January 2024.
- BlackRock’s iShares Bitcoin Trust (IBIT) has now surged past $70 billion in assets.
- They are now ahead of funds that typically dominate the ETF landscape, including SPDR S&P 500 ETF Trust.
In a rather significant move, BlackRock’s iShares Bitcoin Trust (IBIT) has surged past $70 billion in assets. This makes them the fastest-growing exchange-traded fund (ETF) in history.
IBIT has performed better than legacy funds that typically dominate the ETF landscape, including SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ.
(IBIT) was launched in January 2024 and this achievement comes in less than 18 months timeframe.
Among other things, industry analysts credit Bitcoin’s strong market performance over the past year. Since early 2024, Bitcoin has steadily risen, peaking above $110,000 in June 2025.
The fund’s explosive growth highlights the surging investor appetite for regulated exposure to Bitcoin and signals deepening institutional confidence in the cryptocurrency market.
According to BlackRock, the fund’s growth was driven by a broad range of investors, from retail traders to institutional giants.
Crypto market analyst Jason Lau said, “This is a pivotal moment not just for BlackRock, but for crypto finance as a whole”.
“A traditional financial titan legitimizing Bitcoin at this scale fundamentally shifts the narrative.”
As digital assets continue to gain mainstream traction, BlackRock’s unprecedented achievement with IBIT could signal a long-term transformation in how investors approach Bitcoin less as a speculative asset and more as a staple in diversified portfolios.
Recently, President Donald Trump’s media company Truth Social filed paperwork to list a bitcoin exchange traded fund (ETF) under the Truth Social brand.
