BlackRock’s IBIT Hits $70B AUM in Record Time, Surpasses IVV

BLACKROCK’S BITCOIN ETF REACHES $70 BILLION AUM, OVERTAKES IVV IN RECORD TIME
BlackRock’s iShares Bitcoin ETF (IBIT) has crossed $70 billion in assets under management in just 18 months, surpassing the firm’s largest ETF, IVV. IBIT now earns $186 million annually in fees, narrowly beating IVV’s $183 million.

ETF expert Nate Geraci emphasized that IBIT has now taken center stage at BlackRock. Despite IVV managing $609 billion, its 0.03% fee lags behind IBIT’s 0.25%, making IBIT more profitable in terms of fee revenue.

IBIT also became the fastest ETF to reach $70 billion AUM, achieving the feat in 341 days, beating the record held by SPDR Gold Shares, which took nearly five times longer.

Volatility is fading. Analyst Eric Balchunas notes that IBIT’s volatility is now nearly identical to IVV’s. A year ago, it was 5.7 times more volatile, now it’s barely over 1.0.

On Friday alone, Bitcoin ETFs saw over $500 million in net inflows. Fidelity led with $165 million, followed by BlackRock at $153 million, and ARKB with $150.3 million.

Bitcoin ETFs have recorded 14 consecutive days of inflows, marking one of their strongest months since launch.

Is a crypto ETF summer underway? According to Nate Geraci, the odds of ETF approvals for altcoins like XRP and Solana are higher than ever.

What do you think about the future of Bitcoin ETFs? Let us know your thoughts.