BlackRock’s IBIT Nears Record $100B AUM Milestone

BlackRock's iShares Bitcoin Trust (IBIT) is nearing a $100 billion assets under management (AUM) milestone, potentially setting a record for the fastest ETF to reach this level.

Key Points:

IBIT launched in January 2024 and reached this threshold in under two years, surpassing typical timelines for large ETFs.
The fund operates as a spot Bitcoin ETF with in-kind creations/redemptions via authorized participants, reflecting both demand for the cryptocurrency and price dynamics.
Market factors such as strong inflows into U.S. spot Bitcoin ETFs, institutional adoption, and IBIT's liquidity have contributed to its rapid growth.