- IBIT holds over 660,000 Bitcoins, becoming the world’s second-largest holder just 16 months after its market debut.
- With $68.83 billion in assets, IBIT ranks among the top 25 ETFs worldwide, outpacing many long-established funds.
- Institutional demand for regulated crypto exposure has helped IBIT attract more capital than any other U.S.-listed Bitcoin ETF.
BlackRock’s iShares Bitcoin Trust (IBIT) has entered the world’s top 25 largest exchange-traded funds by assets just 16 months after launching. Right now, the SPDR company invests $68.83 billion, ranking it as one of the oldest out there.
Following Satoshi Nakamoto, IBIT is currently the world’s second-biggest holder of Bitcoins, with 660,842 coins in its wallet. Because of its fast growth, this fund is now ahead of established cryptocurrency funds both in its size and the number of investors choosing it.
Big investors play a major role in driving changes in the economy.
The good result for IBIT signals that more institutional investors are interested in crypto investments that are regulated. The reason for so many investors putting their money into BlackRock is due to its low fees, the ease of working with their money and a large amount of trust in BlackRock.
Among U.S.-listed Bitcoin ETFs, IBIT has the largest share of assets under management. Data shows that Fidelity’s FBTC holds $20.64 billion, while Grayscale’s GBTC holds $19.38 billion. IBIT’s growth rate surpasses both.
Outflows Impact Other ETFs
While IBIT attracts substantial inflows, competitors have faced notable outflows. GBTC, after converting from a trust to an ETF, recorded over $23 billion in withdrawals. Ark Invest’s ARKB recently reported a $73.91 million daily outflow.
Some analysts suggest IBIT could surpass Satoshi Nakamoto’s Bitcoin holdings if the accumulation continues at the current pace. However, IBIT’s current position already marks a rare milestone for any newly launched fund.
