BlackRock IBIT Reaches $50B AUM event
Overview
BlackRock's iShares Bitcoin Trust (IBIT) surpassed $50 billion in assets under management approximately eleven months after its January 2024 launch, making it the quickest ETF to achieve that threshold. By comparison, BlackRock's iShares Core MSCI EAFE ETF required nearly four years to reach the same figure. The record underscored the extent of institutional and advisor demand for spot bitcoin exposure following US regulatory approval of such products in January 2024. IBIT subsequently set additional milestones, including becoming the fastest ETF to attain $80 billion in AUM.
Within The Counterparty graph, BlackRock IBIT Reaches $50B AUM connects to 1 tracked entity, most strongly to BlackRock.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | BlackRock | 95% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
How rapidly did BlackRock's IBIT achieve $50bn in assets under management?
The fund reached that threshold approximately eleven months after its January 2024 launch, the shortest time any exchange-traded product has taken to attain that size.
What was the time difference between IBIT and other ETFs in reaching $50bn?
BlackRock's iShares Core MSCI EAFE ETF required nearly four years to accumulate $50bn, a period roughly five times longer than IBIT's.
Did IBIT continue to accumulate assets after surpassing $50bn?
It did. IBIT subsequently became the first ETF ever to exceed $80bn in assets under management, setting a new record for the fastest growth to that level.