Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»BlackRock’s IBIT Bitcoin ETF Reaches $40 Billion in Record Time
TRADING NEWS

BlackRock’s IBIT Bitcoin ETF Reaches $40 Billion in Record Time

By Crypto FlexsNovember 14, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock’s IBIT Bitcoin ETF Reaches  Billion in Record Time
Share
Facebook Twitter LinkedIn Pinterest Email

BlackRock’s Bitcoin ETF, IBIT, currently has total assets of $42.56 billion. It completed this task in one-sixth the time of any other ETF, which is an impressive record for growth rate.

BlackRock also purchased just under 9,000 BTC at a rapid rate in the last 24 hours.

BlackRock’s speed record

BlackRock’s Bitcoin ETF now has a total asset value of over $40 billion, according to new data from Bloomberg analyst Eric Balchunas. It ranks in the top 1% of ETFs by AUM, but more importantly, it outperforms other ETFs in speed. The second fastest ETF to reach $40 billion did so in 1,253 days, slightly faster than third place. IBIT did it in 211. That time is 1/6.

Record pace for BlackRock ETFs. Source: Bloomberg

Since Bitcoin entered a post-election bull market, IBIT has continued to lead the Bitcoin ETF market. IBIT hit a new all-time high last Friday and surged again at the market open on Monday morning. The comfortable lead that BlackRock’s ETFs enjoyed before Donald Trump’s election is giving way to outright market dominance.

Meanwhile, IBIT recorded inflows of $230.8 million on Wednesday. It has recorded inflows of more than $1.7 billion so far this week.

One easy example of BlackRock’s tremendous success is its Bitcoin acquisition. Issuers can only create ETFs as many as the underlying assets they actually manage, so the industry has been consuming greedily. But as ETF analyst Shaun Edmondson points out, BlackRock is the clear leader.

“The U.S. Spot Bitcoin ​​ETF purchased an additional 9,300 coins yesterday. The number exceeded 22,000 in two days. There is little time left to catch Satoshi. ‘Buy some/get yours’ while supplies last, Edmondson insisted.

In particular, Edmondson has been tallying daily Bitcoin consumption by ETF issuers. The reason is that Bitcoin consumption matches Satoshi’s holdings by 95%. Of the 9,300 BTC they have purchased since yesterday, 8,985 have come from BlackRock alone. In fact, Grayscale, the second largest holder, actually reduced its inventory over the same period.

There is no sign that these runaway gains will slow. Bitcoin itself surpassed $90,000 today and is over $93,000 at the time of this writing. ETFs like IBIT are directly tied to these massive gains and are generating buzz independently.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The expansion of the Bitpanda Eyes market strikes record profitability

August 5, 2025

Bitcoin has taken 3%of Trump tariffs and $ 75 million in Longs.

August 4, 2025

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025
Add A Comment

Comments are closed.

Recent Posts

The expansion of the Bitpanda Eyes market strikes record profitability

August 5, 2025

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Apu Is Now Live For Trading On Hyperliquid

August 4, 2025

Mara raises hashrates, reaches 50K Bitcoin, and plans to expand

August 4, 2025

Bybit Expands USDT0 Support To HyperEVM, Corn, And Berachain — Unlocking Seamless Stablecoin Access Across Ecosystems

August 4, 2025

Credix Hack adds $ 3.1 billion in defect loss in 2025, depending on Multisig Oblures Surge.

August 4, 2025

Bybit’s Ben Zhou Invites Community To Rewrite Their Own Success In Mid-Year Keynote Livestream

August 4, 2025

Bitcoin has taken 3%of Trump tariffs and $ 75 million in Longs.

August 4, 2025

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The expansion of the Bitpanda Eyes market strikes record profitability

August 5, 2025

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Apu Is Now Live For Trading On Hyperliquid

August 4, 2025
Most Popular

Unlock the potential of LimeCoinX: the next big thing in cryptocurrency! – DeFi information

January 11, 2024

AI-related tokens rally despite caution in cryptocurrency markets ahead of Fed interest rate decision

December 13, 2023

Potential recovery after $5 scare

April 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.