BlackRock’s spot Bitcoin ETF IBIT successfully exceeded $10 billion in assets under management in just seven weeks and became the focus of much attention. Since its launch on January 11, the fund has continuously attracted large inflows, becoming the ETF with the second largest daily net inflows. At this moment, the management scale of the IBIT Fund has exceeded 162,000 Bitcoins, equivalent to a value of 10 billion US dollars, showing impressive growth momentum. At the same time, the asset management scale of Fidelity’s FBTC fund has exceeded 105,000 Bitcoins, worth up to US$630 million.
ETF Store President Nate Geraci noted that this achievement is impressive. Among the many ETFs, only about 150 have exceeded US$10 billion in asset management, and the vast majority were launched more than 10 years ago. This highlights the success of companies such as BlackRock and Fidelity in the cryptocurrency ETF space, and also reflects the market’s growing recognition of digital assets and the growing investment demand.
