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BlackRock’s Bitcoin ETF Just Out-Earned Legacy Wall Street Funds

  • 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.

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