BlackRock’s IBIT Bitcoin Spot ETF Reaches $80B in 374 Days Amid $140B Inflows Since January
Since its January 2024 debut, US spot Bitcoin ETFs have amassed over $140 billion in net inflows, reflecting strong institutional demand. BlackRock’s iShares Bitcoin Trust (IBIT) has led the wave, capturing 96% of total spot Bitcoin ETF flows. In just 374 days, IBIT’s assets under management vaulted from launch to $80 billion—a record pace that eclipses Vanguard’s S&P 500 ETF, which took nearly five years to reach the same level. As of now, IBIT holds over 700 000 BTC (about 56% of the US spot Bitcoin ETF market), ranking it the 21st largest ETF globally with $83 billion AUM.
Meanwhile, competitors like Fidelity’s FBTC have attracted $12.3 billion, while Grayscale’s GBTC saw $23.3 billion in outflows post-conversion. Corporate buyers—including Metaplanet, Blockchain Group, Smarter Web, and Remixpoint—have also boosted ETF reserves. This influx of capital has coincided with a surge in Bitcoin’s price to a fresh all-time high near $119 000, driving over $200 million in short liquidations and lifting Ethereum by 7.7% to approach the key $3 000 resistance.
Year-to-date, digital asset funds net $19 billion, split roughly 83% to Bitcoin and 16% to Ethereum. Traders will be watching whether IBIT can maintain its unprecedented growth, climb higher in global ETF rankings, and continue fueling institutional bitcoin demand amid evolving regulation and market dynamics.
Bullish
The record inflows and rapid AUM growth in IBIT underscores rising institutional adoption and liquidity for Bitcoin. The dominant market share and robust capital influx signal sustained buying pressure, likely driving Bitcoin’s price higher in the short term. In the long run, continued ETF expansion and regulatory clarity support deeper market stability and broader investor participation—factors that remain bullish for Bitcoin’s market outlook.