BlackRock's Bitcoin ETF Hits Record $2B AUM Milestone

• BlackRock iShares Bitcoin ETF Attains $2 Billion AUM Milestone
• Significant Investment Traffic into IBIT
• IBIT's Ranking in Asset Gathering
• Upcoming Contender - Fidelity's Wise Origin Bitcoin Fund

BlackRock iShares Bitcoin ETF Attains $2 Billion AUM Milestone

The BlackRock iShares Bitcoin$42,260 -0.64% ETF (IBIT) ascended to a noteworthy status last Friday, becoming the inaugural spot bitcoin product to accumulate $2 billion in assets under management (AUM). This data excludes the Grayscale's GBTC, which boasted nearly $30 billion in AUM during its transition from a closed-end fund to a spot ETF.

Significant Investment Traffic into IBIT

Thursday saw investors pumping about $170 million into IBIT, resulting in the fund procuring almost an additional 4,300 bitcoins (BTC). This bolstered the total tokens held to 49,952. Coupled with the appreciating price of bitcoin, which escalated well above the $40,000 bracket in the early hours of Friday, the AUM soared beyond the $2 billion milestone.

IBIT's Ranking in Asset Gathering

With an AUM surpassing $2 billion, IBIT now occupies the third position in terms of asset accumulation among all the over 600 ETFs that have launched in the last year. This observation was made by Nate Geraci, the president of ETF Store, who holds the opinion that IBIT could potentially ascend to the top spot shortly.

Upcoming Contender - Fidelity's Wise Origin Bitcoin Fund

Ahead in the race to cross the $2 billion line next is Fidelity's Wise Origin Bitcoin Fund (FBTC), which as of January 25, held a total just under 44,000 bitcoins.

Edited by Jonathan Stoker