BlackRock’s $100 Billion Bitcoin ETF: Close, But Not Quite There Yet!

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Ah, BlackRock’s latest star – the iShares Bitcoin Trust (IBIT) – is zooming towards the $100 billion mark faster than a caffeinated squirrel on a sugar rush. In just 22 months since its debut, it’s raked in nearly $245 million in fees. The fund’s grown so quickly, it’s already overtaking the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA), by a cool $25 million annually. Talk about a financial powerhouse, huh?

– Eric Balchunas (@EricBalchunas) October 6, 2025

In case you’ve been living under a rock (or perhaps in an ETF-less abyss), IBIT is now the top dog in BlackRock’s ETF kennel. And, yes, it’s set to leave traditional ETFs like IWF and EFA eating its dust. How? By pulling off this magic trick in less than two years while other big players have been sitting on their laurels for a decade. Quite impressive, don’t you think?

IBIT: The “Express Train” to $100 Billion

With $97.8 billion in assets under management (AuM), IBIT is on the verge of making history. In just 435 days, it’s sprinted closer to $100 billion faster than a sprinter in a marathon. The previous record holder? Vanguard’s S&P 500 Index Fund (VOO), which took a leisurely 2,011 days to reach the same milestone. Take that, slowpokes!

Here’s the fastest ETFs hit to $100b chart. $VOO current best at 2,011 days. $IBIT at 435 days but w $2b to go. Via @JackiWang17

– Eric Balchunas (@EricBalchunas) October 6, 2025

So, why is IBIT growing so fast? Well, Bitcoin’s price is surging, hovering around $124,005, with investors flocking to IBIT like moths to a flame. Last week alone, IBIT gobbled up $1.8 billion of the $3.2 billion flowing into US Bitcoin ETFs. It’s like a magnet for cash!

Bitcoin’s Golden Future: BlackRock’s Next Big Move

Not one to rest on its laurels, BlackRock is already scheming its next Bitcoin-related revenue streams. The firm has recently filed for a new product – the Bitcoin Premium Income ETF. This one’s designed to generate cash by selling covered call options on Bitcoin futures. Could it be more brilliant? Maybe. But it’ll miss out on some potential price upside, so it’s a calculated risk. However, unlike IBIT, which is laser-focused on Bitcoin and Ethereum, BlackRock is clearly not rushing into the world of altcoins just yet. And frankly, who can blame them?

Meanwhile, the SEC is dragging its feet, putting the brakes on other crypto ETF applications, which only adds more spotlight to IBIT’s dazzling rise. Will this be BlackRock’s moment of glory? Time will tell – but for now, it’s clear that IBIT’s train is speeding ahead, and you’d better grab your seat.

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2025-10-07 14:18