The post BlackRock’s IBIT Becomes Fastest ETF to Hit $70B AUM as Flows Turn Positive appeared on BitcoinEthereumNews.com.

BlackRock’s iShares Bitcoin Trust (IBIT) “just blew through $70 billion” in assets under management, observed Bloomberg ETF analyst Eric Balchunas on June 9. It is now the fastest ETF ever to hit that mark in only trading 341 days, he said before adding that this is five times faster than the previous record held by the SPDR Gold Shares ETF (GLD), which reached that AUM figure after 1,691 days. According to the BlackRock website, the fund’s AUM is $71.8 billion, and it held 661,457 BTC as of June 6. $IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days, which is 5x faster than the old record held by GLD of 1,691 days. Nice chart from @JackiWang17 pic.twitter.com/5VeGT9twpQ — Eric Balchunas (@EricBalchunas) June 9, 2025 Institutional Hunger For BTC Institutional investors are leading this rally through funds such as IBIT, as retail remains largely absent. Moreover, IBIT has only seen three outflow days since early April as the fund continues to accumulate the asset aggressively. When BlackRock filed for IBIT, the price of Bitcoin was around $30,000, “and the stench of FTX was still in the air,” remarked Balchunas on June 10. He added that the asset is now trading at $110,000, which is a return of seven times that of the S&P 500, “and is now seen as legitimate for other big investors.” ETF Store President Nate Geraci also commented on the milestone, reminding people that there are eleven other spot Bitcoin ETFs and the sector overall has almost $125 billion in AUM. These are “ridiculous numbers,” he said. What a chart… IBIT hits $70bil in 341 trading days. No other ETF even close. And remember… there are 11 other spot btc ETFs. Category overall is nearly $125bil. Ridiculous numbers. via @EricBalchunas…

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Filed under: News - @ June 10, 2025 8:27 am