BlackRock’s $IBIT Smashes ETF Records—$70B AUM in Under a Year
Wall Street''s crypto love affair hits hyperdrive as BlackRock''s $IBIT ETF rockets to $70 billion in just 341 days—faster than any fund in history.
The institutional stampede
Traditional finance''s reluctant embrace of crypto just turned into a full-on sprint. The numbers don''t lie: $70 billion piled into $IBIT before the first anniversary cake could be ordered.
Why this breaks the mold
ETF land moves at glacial speeds—except when there''s real money to be made. This record-smashing growth proves even Wall Street dinosaurs can evolve when commissions are on the line.
The cynical take
Nothing accelerates financial innovation like watching your competitors eat your lunch. Welcome to the party, bankers—the blockchain buffet''s been open since 2009.
- BlackRock’s $IBIT reached $70 billion AUM in just 341 days, shattering ETF growth records.
- BlackRock’s involvement boosts Bitcoin credibility, driving institutional demand and stabilizing BTC market trends.
- Bitcoin rebounded from $103,078 to $105,800, eyeing $107,500 resistance amid bullish momentum.
BlackRock’s iShares Bitcoin Trust ($IBIT) has hit a major milestone, signaling a transformative moment for both ETFs and the crypto market. Merkle Tree Capital reports it reached $70 billion AUM in just 341 days the fastest any ETF has achieved this feat.
The achievement highlights increasing investor confidence in crypto-backed assets and indicates a shift in financial markets. For comparison, SPDR Gold Shares (GLD) took 1,691 days to reach the same AUM. $IBIT’s accelerated trajectory suggests bitcoin is gaining ground as a modern alternative to traditional safe-haven investments like gold.
BlackRock Drives Surging Crypto ETF Demand
The explosive growth of BlackRock’s $IBIT showcases a surging appetite for regulated cryptocurrency exposure. As the world’s largest asset manager, BlackRock’s involvement lends further credibility to Bitcoin’s role in modern finance. This has helped solidify Bitcoin’s image as a viable store of value in both retail and institutional portfolios.
Analysts argue this development reflects a maturing perception of Bitcoin among Wall Street firms. The continued inflow of capital into $IBIT has helped support Bitcoin’s price stability, even during periods of heightened global economic tension. The fund now serves as a benchmark for other crypto ETFs entering the market.
Bitcoin Price Rebounds from $103K, Eyes $107K Breakout
Meanwhile, Bitcoin’s price action reflects this optimism. After facing a sharp decline from the $110,000 resistance, BTC dipped below $104,000 and found support at $103,078. However, a recovery followed as BTC climbed past $105,000, breaking a key bearish trend line and reclaiming the 100-hour simple moving average.
Currently trading around $105,800, Bitcoin is approaching the $106,000 resistance level. At the moment, the next possible stage of a rally is probably at $106,750 which is around the 50% Fib retracement level. A decisive MOVE above this could propel the price rally could trigger a gain at a higher pace clearing that way by passing the $107,500 barrier and beyond.
If the price breaks the $107,500 barrier, there will be chances for further gain in the trend with the bulls having their eyes on $108,000. In the case that the market sentiment keeps the bulls strong and causes them to retake BTC above the price level of $110,000. Market sentiment, fueled by $IBIT’s success, may continue to drive this bullish outlook for Bitcoin in the NEAR term.
Read More: Bitcoin price Struggles: Will Support Hold or Lead to a Deeper Drop?
