BlackRock’s iShares Bitcoin Trust becomes the fastest ETF to reach $70 billion
As bitcoin trades hands at around the $108,000 level, the world’s largest bitcoin fund, BlackRock’s iShares Bitcoin Trust, set a new record as it hit over $70 billion in assets under management, the fastest any ETF has ever hit that milestone.
The iShares Bitcoin Trust took 341 trading days to attain the record, “5x faster than the old record held by GLD of 1,691 days,” according to Bloomberg ETF analyst Eric Balchunas in a post on X:
$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 currently holds more than 663,000 bitcoin, data from blockchain analytics firm Arkham Intelligence shows. The asset manager’s holdings are larger than Michael Saylor’s Strategy, which has 582,000 bitcoin in its stockpile.
The price of bitcoin is less than 4% away from its all-time high of nearly $112,000 set last month.
