IBIT Assets Hit New Record as Bitcoin Rebounds
- The world's largest Bitcoin ETF has reached $62.9 billion in AUM.
- The rise in assets reflects renewed momentum in both Bitcoin prices and ETF inflows.
Assets under management in the iShares Bitcoin Trust (IBIT) hit a new all-time high this week, marking a major milestone for the world’s largest Bitcoin ETF. As of Thursday, IBIT held $62.9 billion in assets, surpassing its previous peak of $61.1 billion set in January.
The rise in assets comes after five months of stagnation and reflects renewed momentum in both Bitcoin prices and ETF inflows. Bitcoin climbed past $104,000 this week—snapping back sharply from its April low of $77,000 and nearing its record high of $107,000 reached earlier this year.
Investor demand for IBIT has been robust. The fund has posted inflows for 17 straight sessions, according to etf.com’s ETF Fund Flows tool powered by FactSet. During that stretch, it has taken in $4.7 billion. Year-to-date inflows total $6.9 billion.
Source: ETF Fund Flows tool, data provided by FactSet data
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IBIT Leads Bitcoin ETF Flows
IBIT alone accounts for the bulk of net flows into Bitcoin ETFs this year. Altogether, investors have added $5.6 billion to U.S.-listed Bitcoin ETFs, meaning IBIT has more than offset outflows from other funds in the category.
In addition to IBIT, investors have put money to work in the Grayscale Bitcoin Mini Trust ETF (BTC), which has seen $477 million of inflows, the ARK 21Shares Bitcoin ETF (ARKB), which has taken in $236 million, and the VanEck Bitcoin ETF (HODL), which has gathered $88 million.
Meanwhile, several competitors have experienced redemptions. The Grayscale Bitcoin Trust (GBTC) has bled $1.4 billion year to date. The CoinShares Valkyrie Bitcoin Fund (BRRR) has lost $240 million, while the Franklin Bitcoin ETF (EZBC) has seen $216 million in outflows. Even the Fidelity Wise Origin Bitcoin Fund (FBTC), the second-largest Bitcoin ETF with $20 billion in assets, has posted $40 million in outflows this year.
The data underscore the dominance of IBIT and the influence of its issuer, BlackRock Inc. (BLK). Despite launching alongside nine other spot Bitcoin ETFs in January, IBIT has quickly separated itself from the pack and become the go-to fund for Bitcoin exposure.
With assets now approaching $63 billion, the next milestone for IBIT is clear. At $100 billion, it would challenge the SPDR Gold Trust (GLD), which currently holds $101 billion, as the largest commodity ETF on the market.
