BlackRock’s iShares Bitcoin Trust (IBIT) has become the world’s largest Bitcoin ETF, surpassing $20 billion in assets since its launch in January 2024. This achievement positions IBIT as the dominant player in the Bitcoin ETF market, overtaking Grayscale’s Bitcoin Trust (GBTC) which held the previous record. The fund now holds over 288,000 Bitcoin, demonstrating strong institutional demand for digital assets.

The ETF’s rapid growth is reflected in its recent inflows, including a single-day addition of $523 million in July. This surge in investment underscores the increasing confidence among both institutional and retail investors in Bitcoin as a mainstream financial asset. The SEC’s approval of Bitcoin ETFs has provided a significant on-ramp for large-scale investors, further legitimizing Bitcoin in traditional finance circles.

BlackRock’s IBIT is not just a market leader by size, but also by performance. It has consistently outpaced other Bitcoin ETFs in inflows, cementing its status as a go-to option for investors seeking exposure to Bitcoin. The fund’s inclusion in major investment products, such as BlackRock’s Strategic Income and Strategic Global Bond funds, has further boosted its appeal.\

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