BlackRock's Bitcoin ETF climbs to top 1% in record-breaking 211 days

BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed every exchange-traded fund (ETF) launched in the past decade in terms of total assets.

On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in assets— just two weeks after hitting $30 billion. This achievement came in a record 211 days, almost 6x lower than the previous record of 1,253 days set by the iShares Core MSCI Emerging Markets ETF (IEMG).

BlackRock's IBIT — BlackRock’s IBIT Assets (Source: X/Balchunas)

At just 10 months old, IBIT has already become one of the top 1% of ETFs by assets. It has surpassed the total assets of all 2,800 ETFs launched over the last ten years, a remarkable achievement considering most ETFs take years to accumulate substantial value.

Meanwhile, IBIT also stands fourth among US ETFs for 2024 inflows, having attracted more than $28 billion so far. It is the only crypto-related ETF in the top 10.

Top 10 US ETFs by Inflows (Source: X/Balchunas)

These impressive numbers highlight the increasing demand for Bitcoin exposure in mainstream investment portfolios. Its success also suggests strong momentum behind digital asset ETFs, which may become a lasting fixture in traditional finance.

Mentioned in this article

Bitcoin

BlackRock

iShares Bitcoin Trust

Eric Balchunas

Posted In: Bitcoin, BlackRock, ETF

Author

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

Editor

Assad Jafri

Editor & Reporter at CryptoSlate

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.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Hashkey CEO says Trump administration could influence China to accept Bitcoin

Bitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billion

Robinhood CEO touts crypto’s cost advantage over TradFi operations