BlackRock’s Spot Bitcoin ETF (IBIT) has reached a record high of $76.1 billion in assets under management, making it the firm’s third-highest revenue-generating ETF.
IBIT holds 3.92% of Bitcoin’s supply and has attracted over 95% of U.S. Bitcoin ETF inflows since its debut in early 2024.
Institutional demand for regulated Bitcoin exposure is surging, with companies like Metaplane restructuring their business models to focus on Bitcoin.
The surge in institutional interest in Bitcoin represents a significant shift in cryptocurrency adoption and mainstream perception over the past two years.