BlackRock’s IBIT Breaks Records, Reaches $70B AUM in 341 Days.
BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest exchange-traded fund (ETF) to ever reach $70 billion in assets under management (AUM).
The fund, which launched in January 2024, hit this milestone in just 341 trading days—five times faster than the previous record-holder, the SPDR Gold Shares ETF (GLD), which took 1,691 days to reach the same mark.



Bloomberg ETF analyst Eric Balchunas tweeted on June 9, “IBIT just blew through $70 billion and is now the fastest ETF to ever hit that mark in only 341 days.” This is a big deal and shows bitcoin is going mainstream.


The fund’s rapid growth means institutional investors are embracing bitcoin at scale.
The fund has $71.9 billion in AUM and holds over 662,000 bitcoin. This makes BlackRock the largest institutional bitcoin holder in the world. To put that in perspective, the fund holds more bitcoin than Binance or Michael Saylor’s Strategy.

https://x.com/BitcoinNewsCom/status/1932788236146925930?t=TBsqkxukvnjmv6bi_p2b-w&s=09