BlackRock’s Bitcoin ETF AUM up 50% in a week amid market rally BlackRock’s Bitcoin ETF AUM up 50% in a week amid market rally
BlackRock's IBIT now has $14.7 billion in assets under management, representing total holdings of 203,754 Bitcoin.
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Updated: Mar. 12, 2024 at 7:47 pm UTC
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BlackRock’s iShares Bitcoin ETF (IBIT) has grown its assets under management (AUM) by almost 50% in less than 10 days amid Bitcoin’s (BTC) rally to new highs, according to the firm’s data updated on March 12.
IBIT has maintained its reign as the largest spot Bitcoin ETF out of the Newborn Nine — excluding the converted Grayscale GBTC ETF — since the US SEC approved them in January.
IBIT rivals MicroStrategy’s hoard
The IBIT has accumulated 203,754 BTC for investors in less than three months, marking it as the ETF with the highest Bitcoin holdings among the newly approved funds.
The amount puts it just behind MicroStrategy, which recently spent almost a billion dollars to grow its holdings to 205,000 BTC.
In comparison, Fidelity’s FBTC is the second-largest spot Bitcoin ETF with $9.2 billion in AUM. BlackRock and Fidelity together have garnered more than $17 billion in net inflows from investors.
Following the success of IBIT, BlackRock has shown interest in expanding Bitcoin exposure to its other funds and has applied for SEC approval. Additionally, BlackRock has extended its Bitcoin ETF offerings to Latin America in partnership with Brazil’s B3 stock exchange.
Strong inflows
Bitcoin ETFs overall experienced net inflows of $505.5 million on March 11, with IBIT leading at $562.9 million — representing a 0.12% increase in total assets.
Other ETFs, including Bitwise’s BITB, ARK Invest’s ARKB, and VanEck’s BRRR, also saw inflows, while Invesco’s BTCO reported outflows of $9.7 million. Meanwhile, Grayscale experienced the highest level of outflows since Feb. 29, with $494 million leaving the fund.
The net inflow of Bitcoin into ETFs was 7,009 BTC, with IBIT accounting for 7,805 BTC of the total. On the other hand, FBTC added 2,988 BTC, BITB 690 BTC, ARKB 180 BTC, and BRRR added 1,648 BTC.
Overall, the funds have experienced record performance since their launch, with daily volume exceeding $10 billion on some days.
Mentioned in this article
Bitcoin 
BlackRock 
VanEck 
Fidelity Investments 
Grayscale Investments 
Ark Invest 
MicroStrategy 
Franklin Templeton iShares Bitcoin Trust 
Grayscale Bitcoin Trust 
Fidelity Wise Origin Bitcoin Trust 
ARK 21Shares Bitcoin ETF 
Bitwise Bitcoin ETF Author 
Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
VanEck
VanEck is a global investment manager with offices around the world, including New York, Australia, China, Germany, Netherlands and Switzerland.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
Ark Invest
ARK Investment Management LLC (ARK Invest) holds a precision lens on thematic investing.
MicroStrategy
MicroStrategy (Nasdaq: MSTR) is a worldwide leader in enterprise analytics and mobility software.
Franklin Templeton
Franklin Resources, Inc., commonly known as Franklin Templeton, stands as an American multinational holding company rooted in the world of finance.
The BlackRock Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), is an investment fund that provides regulated exposure to Bitcoin for investors.
The Grayscale Bitcoin Trust (GBTC) is a digital currency investment product that provides investors with access to Bitcoin through traditional investment channels.
The Fidelity Wise Origin Bitcoin Trust (FBTC) is a spot Bitcoin ETF that offers investors exposure to the price of Bitcoin.
The ARK 21Shares Bitcoin ETF (ARKB) is a digital asset ETF that seeks to track the performance of bitcoin, as measured by the performance of the CME CF Bitcoin Reference Rate – New York Variant (the “Index”).
The Bitwise Bitcoin ETF (BITB) is a newly launched exchange-traded fund that provides investors with exposure to Bitcoin.
