TLDR

BlackRock’s IBIT is approaching $100 billion in assets under management.
The ETF now holds over 800,000 Bitcoin worth approximately $98 billion.
IBIT has become BlackRock’s most profitable ETF across its entire global lineup.
The fund has attracted more than $63 billion in inflows since its launch.
IBIT is on track to reach the $100 billion milestone faster than any ETF in history.

BlackRock’s spot Bitcoin ETF, IBIT, is rapidly approaching a historic $100 billion in assets. The fund now holds over 800,000 BTC, translating to around $98 billion in value. Fueled by strong inflows and a rising Bitcoin price, IBIT is on a record-breaking path.

IBIT Sees Unprecedented Growth and Dominance

BlackRock’s IBIT has attracted over $63 billion in inflows since launch, consolidating its lead in the crypto ETF space. Bloomberg data confirms it added $37 billion in its first year and $26 billion in 2025 so far. As of this week, IBIT controls more than 60% of the total spot Bitcoin ETF market.

Analysts Eric Balchunas and James Seyffart estimate IBIT now earns over $240 million yearly through its 0.25% management fee. This makes it BlackRock’s most profitable ETF product globally, surpassing over 1,000 others. “Even our most bullish expectations have been surpassed,” Seyffart told Bloomberg.

IBIT’s rise has been supported by institutional demand, which surged after the U.S. election outcome and policy shift. The fund’s success mirrors the early growth of gold ETFs during the 2000s. With its current momentum, IBIT could reach $100 billion in under two years—five times faster than any ETF in history.

BlackRock Outpaces Rivals with Strategic Advantage

BlackRock used its strong retail and institutional networks to drive massive inflows into IBIT. This focused effort gave it a significant edge over other ETF providers like Fidelity. Fidelity’s FBTC, the second-largest fund, remains nearly $70 billion behind.

According to Farside Investors, IBIT took in nearly $4 billion in the last two weeks alone. This brought its holdings to over 800,000 BTC, or about 4% of total supply. The fund now holds more Bitcoin than MicroStrategy and the next nine corporate holders combined.

Kaiko analyst Adam Morgan McCarthy noted the “digital gold” narrative regained traction this year. The April U.S. tariff announcement spurred demand for inflation hedges like Bitcoin. That surge fed into IBIT’s inflows and strengthened BlackRock’s dominant position.

Bitcoin Becomes a Financialized Asset Through IBIT

Bitcoin recently reached a new all-time high of $125,000, continuing a 70% rally since Trump’s election victory. Every increase in price fuels new demand for IBIT, avoiding wallet complexities. This creates a strong feedback loop between price action and fund inflows.

IBIT’s scale has changed how investors view Bitcoin, transitioning it into a mainstream financial product. BlackRock’s control has shifted the crypto ETF market toward centralization. “Scale wins,” say analysts, as the firm captures institutional and retail flows.

While Bitcoin once symbolized decentralization, IBIT now centralizes 4% of total BTC in one product. At this rate, BlackRock could soon hold one in every 20 Bitcoin ever mined. The ETF’s performance has redefined financial adoption in the crypto space.

The post Bitcoin ETF Boom: BlackRock’s IBIT Approaches $100B in Assets appeared first on Blockonomi.

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Filed under: Bitcoin - @ October 10, 2025 9:06 pm