BlackRock’s IBIT ETF Cracks Top 20—$100 Billion AUM Milestone Imminent
Wall Street’s crypto love affair hits hyperdrive as BlackRock’s bitcoin fund muscles into the elite ETF club.
The heavyweight’s IBIT product—once dismissed by crypto purists as ‘tourist capital’—now flirts with ten-digit assets. Traders pile in while old-guard finance scrambles to keep up.
Funny how a 0.12% management fee suddenly makes blockchain palatable to the suits.
BlackRock IBIT’s Key Metrics as of July 11 (Source: SoSoValue)
Observers pointed out that the recent price surge in bitcoin would further spark renewed momentum and drive institutional capital into the fund.
Bitcoin analyst Kiwi said:
“This week could mark a massive shift in allocation to BTC/IBIT should this pump continue – the money on the sidelines isn’t retail – it’s smart money. Hw long can they sit by and watch this train roll past without action? The career risk to not owning a substantial amount of Bitcoin is getting larger by the hour.”
Data from SoSo Value shows $IBIT’s cumulative net inflows reached $54.40 billion as of July 11. The ETF now holds more than 705,000 BTC, which is roughly 3.6% of Bitcoin’s total circulating supply.
