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Bitcoin’s rapid surge this week has helped BlackRock’s iShares Bitcoin Trust (IBIT) hit a major milestone. IBIT became the fastest exchange-traded fund to reach $80 billion in assets under management, doing so in just 374 days. It beat the previous record held by the Vanguard S&P 500 ETF, which took 1,814 days, according to Bloomberg.
Total assets in all spot bitcoin ETFs crossed $140 billion for the first time, with $1.18 billion in inflows recorded on Thursday alone — the second-highest daily total since their January 2024 debut. Bitcoin’s price briefly hit $112,152 on Tuesday and climbed past $118,000 by Friday, fueled by growing optimism around U.S. monetary policy.
Analysts credit the rally to rising institutional demand and easier access through ETFs. Companies are increasingly adding bitcoin to their asset strategies, signaling a broader shift toward crypto adoption. The combination of price momentum and mainstream support is pushing bitcoin to new all-time highs.
