BlackRock's IBIT Bitcoin ETF reaches $70B AUM, outperforming other spot Bitcoin ETFs

From Cointelegraph

June 10, 2025 12:02:00 AM:

BlackRock’s spot Bitcoin exchange-traded fund hits $70 billion in assets under management in just 341 days, surpassing SPDR Gold Shares record. IBIT holds $71.9 billion AUM with 661,457 BTC, making it the largest institutional holder, ahead of Binance and Michael Saylor. Analysts estimate Satoshi Nakamoto holds 1.1 million BTC. IBIT outperforms other spot Bitcoin ETFs.IBIT shares trade at $61.77, up 5.30% in 5 days, as Bitcoin hits $110,000. Since launch, IBIT has outperformed 10 other spot Bitcoin ETFs, attracting $48.7 billion in net inflows. On May 30, it saw the largest daily outflow of $430.8 million. IBIT wins awards for “Best New ETF” and “Crypto ETP of the Year.”BlackRock’s Bitcoin ETF faces criticism for undermining Bitcoin’s original purpose, but early advocates support ETF adoption for accessibility. Blockstream CEO Adam Back acknowledges the need for easier Bitcoin access but warns against excessive ETF holdings. Baby boomers are embracing Bitcoin, with $79 trillion in wealth entering the market.

Read more at Cointelegraph: BlackRock IBIT Bitcoin ETF achieves $70B AUM record