BlackRock’s Bitcoin ETF, IBIT, is attracting investors. It has just become the fastest ETF to reach $70 billion. This is yet another sign of the considerable enthusiasm driving the price of BTC at the moment.
BlackRock’s Bitcoin ETF attracts investors
If there were still any doubts about institutional interest in Bitcoin (BTC), one need only look at Bitcoin ETFs. BlackRock’s IBIT has just surpassed $70 billion in assets under management (AUM).
In less than a year (341 days to be exact), BlackRock’s BTC ETF has reached this milestone, a record for all ETFs combined. Bloomberg analyst Eric Balchunas’ analysis shows this particularly rapid growth compared to other major historical ETFs:
$IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days, which is 5x faster than the old record held by GLD of 1,691 days. Nice chart from @JackiWang17 pic.twitter.com/5VeGT9twpQ
— Eric Balchunas (@EricBalchunas) June 9, 2025
BlackRock also continues to crush the competition: its ETF is outperforming the other major Bitcoin spot ETFs, which have “only” $48 billion in assets under management on average.
This reflects considerable enthusiasm for Bitcoin, which is once again approaching its all-time high of $111,800. Institutional investors are now clearly interested in the largest cryptocurrency, which is driving up its price.
