IBIT Milestone: BlackRock’s Bitcoin ETF Surpasses $2 Billion AUM, Eyes the Top Spot

On Friday, the BlackRock iShares Bitcoin ETF (IBIT) achieved a significant milestone by becoming the first among recently launched spot bitcoin products to reach $2 billion in assets under management (AUM).

It’s important to note that this figure excludes Grayscale’s GBTC, which had an AUM of nearly $30 billion when it converted from a closed-end fund to a spot ETF.

Investors contributed approximately $170 million to IBIT on Thursday, leading the fund to acquire nearly 4,300 bitcoin (BTC). This boosted the total tokens held by the fund to 49,952. The surge in the price of bitcoin, surpassing the $40,000 level early Friday, propelled the AUM to exceed $2 billion.

With its AUM now surpassing $2 billion, IBIT ranks third in asset gathering among more than 600 ETFs launched in the past year. Nate Geraci, the president of ETF Store, anticipates that IBIT could soon claim the top spot, surpassing all others.

The Fidelity Wise Origin Bitcoin Fund (FBTC) is expected to be the next fund to cross the $2 billion mark, currently holding just under 44,000 bitcoin as of January 25th. This achievement signifies the growing popularity and investment interest in Bitcoin-focused ETFs within the financial landscape.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!


Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Skip to content