According to Glassnode data, the iShares Bitcoin Trust (IBIT) managed by BlackRock has now secured a staggering 700,000 bitcoins, valued at roughly $112,200.55 each, and boasts $76 billion in assets under management in a mere 18 months — a feat eclipsing the iShares Core S&P 500 ETF (IVV), which tracks America’s stock market benchmark, as well as the iShares Russell 2000 ETF (IWM), focused on the small-cap U.S. equity segment.
Outpacing Strategy’s (MSTR) holdings of 600,000 BTC, which began acquisitions back in 2020, IBIT’s stash dwarfs Fidelity’s FBTC with 203,000 BTC and Grayscale’s GBTC at 184,000 BTC.
Noteworthy Stats:
- IBIT amassed $76 billion AUM in just 1.5 years.
- Strategy (MSTR) started bitcoin accumulation in 2020.
- U.S. spot bitcoin ETFs debuted January 2024, drawing $50 billion in inflows.
- BlackRock runs an extensive ETF lineup with 1,197 funds in total.
A Remarkable Milestone
“Over 700,000 BTC now held by the iShares Bitcoin ETF — achieved within 18 months. Unbelievable,” remarked Nate Geraci, president of The ETF Store, in a recent post on X, highlighting the ETF’s explosive traction.
U.S. Spot Bitcoin ETFs: A Phenomenon
Launching in January 2024, U.S. spot bitcoin ETFs have swiftly ascended to become the most triumphant ETF debuts in history, attracting net inflows totaling $50 billion since their inception.
BlackRock’s ETF Empire
IBIT ranks as BlackRock’s third top revenue-generating ETF among its diverse portfolio of 1,197 funds, a fact underlined by senior Bloomberg ETF analyst Eric Balchunas, who notes the breadth and scale of BlackRock’s ETF operations.
