BlackRock Bitcoin ETF, Assets under management surpass 80 billion dollars…“Record-breaking growth rate”

BlackRock's Bitcoin (BTC) Spot ETF IBIT has surpassed a total Assets Under Management (AUM) of $80 billion. Bloomberg ETF specialist analyst Eric Balchunas reported this on the 10th (local time), emphasizing that "IBIT took only 374 days to reach this record."

This is nearly 5 times faster compared to the 1,814 days it took for Vanguard's record-holding S&P 500 ETF (VOO) to reach the same level. Currently, IBIT's assets under management are $83 billion, ranking 21st in the overall U.S. ETF market by ranking criteria.

The rapid growth of the Bitcoin spot ETF as a major product in such a short time is evaluated as an indicator showing the restoration of trust in traditional asset managers, the active inflow of institutional investors, and the position of cryptocurrency as a major tool in asset allocation strategies.

In the ETF industry, there is increasing anticipation that the growth rate of IBIT will further accelerate the mainstream adoption of Bitcoin-related products overall.