BlackRock's Bitcoin ETF Hits $80 Billion Milestone

With Bitcoin reaching new all-time highs over the last two days, BlackRock's leading spot Bitcoin exchange-traded fund (ETF) has made history. The iShares Bitcoin Trust (ticker IBIT) achieved the remarkable feat of crossing $80 billion in assets under management in just 374 days, five times quicker than the previous record holder, Vanguard's S&P 500 ETF (VOO), which reached the milestone in 1,814 days, according to Bloomberg. Bloomberg's senior ETF analyst, Eric Balchunas, noted on X that total assets for all spot Bitcoin ETFs exceeded $140 billion for the first time. "They took in over $1 billion last night, but the significant price increase is driving most of this growth," he added. Spot Bitcoin ETFs attracted $1.18 billion in inflows on Thursday, marking their second-highest daily inflow since launching in January 2024. Just a day earlier, the cumulative net inflows had surpassed $50 billion. "We are witnessing more companies, following Strategy's lead, include Bitcoin in their strategic asset allocations," said Presto Research's Min Jung, a research analyst. "This expanding demand, along with improved institutional access after ETF approvals, has contributed to Bitcoin's climb toward new all-time highs." On Tuesday, Bitcoin briefly surpassed $112,152, and has continued to rise, crossing the $118,000 mark earlier on Friday. An analyst from Nansen attributes this surge to U.S. policy changes and expectations of monetary easing. At the time of publication, Bitcoin was trading at approximately $117,858.17, up 6%, according to The Block's BTC price data. Disclaimer: The Block is an independent media outlet providing news, research, and data. As of November 2023, Foresight Ventures is a majority investor in The Block and invests in other companies within the crypto space. Bitget crypto exchange serves as an anchor LP for Foresight Ventures. The Block maintains independent operations to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is intended for informational purposes only and is not to be construed as legal, tax, investment, financial, or other advice.