BlackRock’s Bitcoin ETF Breaks Records

According to Bloomberg’s Eric Balchunas, BlackRock’s Bitcoin Exchange Sales Fund has achieved a milestone faster than any other ETF in history.

In a recent post on social media platform X, Balchunas noted that the Ishares Bitcoin Trust ETF (IBIT) reached a valuation of $83 billion, making it the 21st largest ETF overall.

“IBIT surpassed the $80 billion mark on Friday. The previous record was set in 374 days, so this achievement is about five times quicker, taking just 1,814 days,” he remarked.

Balchunas emphasized that recent Bitcoin rallies have dramatically boosted the combined assets of all existing Bitcoin-based ETFs.

“For the first time, total assets of all spot Bitcoin ETFs have exceeded $140 billion, benefiting from last night’s significant price movements,” he added.

He also mentioned that BlackRock’s Ethereum-based ETF (ETHA) has had a remarkable week, securing a place among the top ten in terms of inflows.

“Though it may not seem significant now, Ether ranks sixth on the weekly flow leaderboard with $675 million in inflows, highlighting its strong performance with a total of $1.7 billion coming in alongside IBIT,” he continued.

At the time of this report, BTC and IBIT were priced at $122,260 and $67.21, respectively, while ETH and ETHA stood at $3,031 and $22.80.