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The fastest ever to exceed 70 billion Dollars in Assets Under Management, BlackRock's physical Bitcoin ETF at five times the speed of the previous record.
On the 10th, Eric Balchunas, a senior ETF analyst at Bloomberg, reported on X that the assets under management of the Bitcoin (BTC) spot ETF "IBIT" offered by major asset management firm BlackRock have surpassed $70 billion (approximately 10 trillion yen) at the fastest pace in ETF history.
It explained by citing charts from other X users that it reached the $70 billion level in just 341 business days after the launch in January 2024. The previous record was held by the gold ETF "SPDR Gold Shares (GLD)" with 1,691 business days, and IBIT reached $70 billion at nearly 5 times that speed.
When looking at the official site and data sites, it is indeed true that the managed assets of IBIT exceed 70 billion dollars. According to the official site, the managed assets as of the 9th exceed 71.8 billion dollars.
IBIT is more popular than other Bitcoin spot ETFs. The number of Bitcoin held exceeds 660,000 BTC, which is more than three times the amount held by Fidelity's "FBTC," the second largest.
Mr. Balchunas posted last month that IBIT's Bitcoin holdings have risen to the second largest in the world, following Bitcoin founder Satoshi Nakamoto. At that time, IBIT reached about 57% of Satoshi's holdings, and Mr. Balchunas predicted that it could become the largest holder in the world by next summer.
Cumulative Volume
In addition, the cumulative trading volume of all Bitcoin spot ETFs in the United States is approaching $1 trillion (approximately 145 trillion yen).
The image below is a chart provided by "The Block". As of the 9th, the cumulative volume has exceeded $995 billion.
Looking at it by product, IBIT is also leading the market in trading volume. The changes in market share in terms of trading volume are shown in the image below, with IBIT exceeding 79% as of the 9th.