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BlackRock’s IBIT Bitcoin exchange-traded fund (ETF) has achieved a significant milestone, crossing over 250,000 BTC ($17.7 billion) in assets under management (AUM) just 11 weeks after its trading debut on January 11. Recent data reveals that as of Tuesday, the ETF had accumulated 245,951 BTC, with a substantial net inflow of $323.8 million (4,702 BTC) on Wednesday, according to BitMEX Research. BlackRock CEO Larry Fink highlighted the remarkable growth of IBIT, dubbing it the “fastest-growing ETF in the history of ETFs” during an interview with Fox Business.
In tandem with BlackRock’s success, Fidelity’s FBTC also crossed a significant threshold, surpassing $10 billion in AUM, equivalent to over 143,000 BTC. This makes FBTC the second spot Bitcoin ETF to achieve this feat, following IBIT’s earlier accomplishment on March 1. Despite generating only $1.5 million in net inflows on Wednesday, IBIT remains a dominant force, leading net inflows among spot Bitcoin ETFs, with total net inflows now reaching $11.9 billion. Trading volumes for U.S. spot Bitcoin ETFs remained robust, with BlackRock’s IBIT leading the charge at $1.82 billion, followed by Grayscale’s GBTC and Fidelity’s FBTC.
