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BlackRock’s Bitcoin ETF First to Reach $2B in AUM

The BlackRock iShares Bitcoin ETF (IBIT) on Friday became the first of the recently launched spot bitcoin products to reach $2 billion in assets under management (AUM). This doesn't include Grayscale's GBTC, which had nearly $30 billion in AUM at the time of its conversion from a closed-end fund to a spot ETF. Investors added about $170 million to IBIT on Thursday, with the fund purchasing nearly another 4,300 bitcoin (BTC), pushing total tokens held to 49,952. Now with over $2 billion in AUM, the fund ranks third in asset gathering among all of the more than 600 ETFs that launched in the past year, noted ETF Store president Nate Geraci, who believes IBIT could soon take over the crown as number one.

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