BlackRock IBIT Surpasses ₩95 Trillion in Assets Under Management… Fastest Record in ETF History
Summary
- The assets under management of BlackRock’s Bitcoin spot ETF, IBIT, have surpassed approximately ₩95 trillion just 341 days after its launch.
- This sets the fastest record for asset accumulation in ETF history, a pace five times quicker than the previous largest gold spot ETF.
- IBIT is showing rapid growth, attributed to strong demand from both institutional and individual investors.
Eric Balchunas, a Bloomberg ETF senior analyst, announced via X (formerly Twitter) on the 9th (local time) that the assets under management (AUM) of BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) IBIT surpassed $70 billion (about ₩95 trillion) just 341 days after its launch.
This marks the fastest AUM achievement in ETF history, a pace five times quicker than it took SPDR Gold Trust (GLD), the world’s largest gold spot ETF, to reach the same scale.
IBIT is a Bitcoin spot ETF launched by BlackRock in early 2024, and it has continued rapid growth driven by strong demand from both institutional and individual investors. Balchunas commented, "Cases of asset growth at this speed in the ETF market are extremely rare."
Meanwhile, as of 00:19 on the 10th, BTC was trading at $107,790.69 on the Binance Tether (USDT) market, up 1.75% from the previous day.
JH Kim
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