BlackRock’s Bitcoin Fund Becomes Quickest ETF to Top $70 Billion
June 13, 2025
BlackRock, Inc. (NYSE:BLK) is one of the best stocks for a dividend stock portfolio.
The company’s iShares Bitcoin Trust (IBIT), the biggest Bitcoin ETF available, has reached $70 billion in assets faster than any ETF before it, marking another major achievement.
According to Bloomberg analyst Eric Balchunas, IBIT, the leading option among the 12 Bitcoin ETFs currently on the market, hit the milestone on June 9, 341 days after its launch. Balchunas noted on X that IBIT reached that level “5x faster than the old record held by GLD of 1,691 days,” referring to State Street’s well-known gold ETF.
Though firms like Fidelity and VanEck also offer Bitcoin ETFs, none match BlackRock’s in size. Fidelity’s FBTC holds $20 billion, while Grayscale’s GBTC trails slightly with just under $20 billion.
IBIT and ten other Bitcoin ETFs made their debut early last year following long-awaited approval from the Securities and Exchange Commission. Their launch highlighted strong investor interest in gaining exposure to Bitcoin’s price, with IBIT pulling in over $1 billion in assets during its first four days.
By November, BlackRock, Inc. (NYSE:BLK)’s Bitcoin ETF had outpaced its gold ETF in assets, becoming the largest among the firm’s 1,400 global funds.
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