- BlackRock’s iShares Bitcoin ETF surpassing $50B in AUM within a year showcases growing institutional confidence in Bitcoin.
- CZ’s acknowledgment highlights IBIT’s market dominance, signaling that Bitcoin ETFs will play an increasingly critical role in mainstream adoption.
After BlackRock integrated its Bitcoin ETF into a $150B portfolio, as previously reported by CNF, BlackRock’s iShares Bitcoin Trust (IBIT) has celebrated its first anniversary by surpassing $50 billion in assets under management (AUM). This milestone highlights the increasing institutional adoption of Bitcoin and the crucial roleof exchange-traded funds (ETFs) in mainstream investment strategies.
BlackRock’s iShares Bitcoin Trust: A Year of Remarkable Growth
Launched in January 2024, BlackRock’s IBIT has rapidly become one of the fastest-growing ETFs in history. Within a year, the fund has accumulated approximately 572,658 BTC, valued at $51.57 billion, according to recent data.
This explosive growth underscores the rising interest from institutional investors who seek regulated and accessible Bitcoin exposure.
Changpeng Zhao’s Acknowledgment
In a recent tweet, Changpeng Zhao (CZ), co-founder and former CEO of Binance, recognized IBIT’s impressive growth, calling it BlackRock’s fastest-growing ETF ever. He specifically stated:
The Bitcoin ETF is BlackRock’s fastest-growing ETF in history. It’s only a year old. Just starting.
CZ’s statement underscores the ETF’s impact on the broader cryptocurrency market, reinforcing Bitcoin’s legitimacy as an institutional-grade asset.
Market Dynamics: Inflows and Outflows
On March 6, 2025, IBIT recorded an inflow of 432 BTC, worth approximately $38.9 million. In contrast, other Bitcoin ETFs experienced outflows, with the Valkyrie Bitcoin Fund losing 670 BTC, valued at $59.3 million.
These trends highlight IBIT’s dominance in the market, showcasing investor preference for BlackRock’s ETF over competing funds.
Implications for the Cryptocurrency Market
The success of IBIT signals a wider acceptance of Bitcoin within traditional finance. As institutional investors continue allocating capital to Bitcoin ETFs, the market is likely to experience increased liquidity and stability.
Mar 6 Update:
10 #Bitcoin ETFs
NetFlow: +80 $BTC(+$7.22M)#iShares(Blackrock) inflows 432 $BTC($38.9M) and currently holds 572,658 $BTC($51.57B).
9 #Ethereum ETFs
NetFlow: +9,121 $ETH(+$20.57M)— Lookonchain (@lookonchain) March 6, 2025
Moreover, IBIT’s success paves the way for future ETFs tied to other cryptocurrencies, further expanding digital asset investment opportunities.
As of March 7, 2025, Bitcoin (BTC) is trading at approximately $87,094, reflecting a slight decrease of 0.049% from the previous close. BTC reached an intraday high of $92,793 and a low of $84,971, indicating continued market volatility.
Despite these fluctuations, the rapid growth of Bitcoin ETFs like IBIT underscores the enduring institutional demand for Bitcoin as a long-term investment asset.
Currently, Bitcoin (BTC) is priced at $87,522.14, reflecting a 4.60% decrease from the previous day and a 8.82% decline over the past week.
source https://www.crypto-news-flash.com/binances-cz-reacts-as-blackrocks-bitcoin-etf-reaches-50b-on-1st-anniversary/?utm_source=rss&utm_medium=rss&utm_campaign=binances-cz-reacts-as-blackrocks-bitcoin-etf-reaches-50b-on-1st-anniversary