BlackRock spot Bitcoin ETF surpasses $90 billion in AUM…enters top 20 by ETF assets
Suehyeon Lee
Summary
- BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) 'IBIT' has surpassed assets under management (AUM) of $90 billion.
- 'IBIT' has entered the top 20 in ETF assets and has surpassed the traditional technology-sector representative ETF 'XLK'.
- Considering $40 billion of inflows and 85% growth over the past 12 months, it noted that if the trend continues, entry into the top 10 is possible around Christmas 2026.
BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) 'IBIT' has surpassed assets under management (AUM) of $90 billion.
On the 2nd (local time), Bloomberg analyst Eric Balchunas said on X, "IBIT has surpassed $90 billion in AUM and has entered the top 20 in ETF asset size for the first time," adding, "In the process, IBIT surpassed the traditional technology-sector representative ETF 'XLK'."
He went on to say, "Currently, IBIT would need about $50 billion more to reach the top 10. Considering $40 billion of inflows and 85% growth over the past 12 months, it's not an impossible goal. If this trend continues, entry into the top 10 could be possible around Christmas 2026."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
