Well, well, well! If it ain’t BlackRock’s iShares Bitcoin Trust (fondly dubbed IBIT) galloping towards a princely sum of $100 billion in assets, a feat it might just pull off before this fine month of July closes its curtains. Why, with a jolly surge in inflows and a Bitcoin rally that would make even a seasoned poker player raise an eyebrow, our dear IBIT has leaped to about $88 billion—just a mere $12 billion shy of that glittering treasure chest!
Now, trading at roughly $69 on the NASDAQ (that’s Nasdaq, not Nas-fac, for the uninitiated), IBIT doesn’t just hold the title of the largest Bitcoin fund on the market, but it also claims the crown as BlackRock’s number one money-spinner, according to our intrepid friend Bloomberg’s own Eric Balchunas. Quite the feat for a sprightly lad of only 1.5 years, wouldn’t you say?
In a market that has seen more ups and downs than a carnival ride, IBIT now ranks as the 20th largest ETF in all the grand ol’ U.S. of A and the 7th largest under the BlackRock banner. Now that’s a growth story that would make Pinocchio green with envy!
Now last week, I proclaimed with great bravado that $IBIT could hit the illustrious $100 billion mark this summer, but heck, we might as well place our bets for this very month! Thanks to some recent cash influxes and a rally that had folks dusting off their Bitcoin wallets, it’s already sitting pretty at $88 billion. At just 1.5 years of age, it is now the 20th biggest in the U.S. and the 7th biggest at BlackRock (and their #1 most profitable ETF). Un-freaking-believable.
— Eric Balchunas (@EricBalchunas) July 14, 2025
Now here’s a handsome twist: while some critics are muttering darkly about a dearth of retail interest this go-round, the ledger tells quite a different story. With around $150 billion currently cozying up in U.S. Bitcoin ETFs, a hearty $135 billion of that is coming straight from retail purchases or those well-meaning advisors hypnotizing retail clients into yet more Bitcoin dreams.
Just last Friday, IBIT was treated to a sumptuous feast of nearly $1 billion in daily inflows and a whopping $2.72 billion over the week—talk about a good ol’ fashioned cash grab! As we speak, IBIT is clutching more than 3.6% of the entire Bitcoin supply… which makes you wonder if they’re keeping some sort of treasure map hidden beneath the floorboards!
Read More
- All Data Pad Locations (Week 1) Destiny 2
- Violence District Killer and Survivor Tier List
- Grow a Garden – Complete Cooking Event Guide
- Civ 7 DLC LEAKED! Is This Sid Meier’s Most Underrated Game?!
- Top 5 Unreal Engine 5 Games with Incredible Performance
- Prestige Perks in Space Marine 2: A Grind That Could Backfire
- Top 8 UFC 5 Perks Every Fighter Should Use
- Unveiling the Mysteries: One Piece’s Calm Belt Secrets Revealed!
- Gold Rate Forecast
- Umamusume Pretty Derby – Best Support Cards Tier List
2025-07-14 19:56