Ah, the winds of change are blowing through the land of Bitcoin. The old ways are slowly fading, and in their place, a new titan emerges. Since the dawn of the Bitcoin Spot ETFs last year, these little creatures have become an integral cog in the great machine of crypto. But, behold, among the many launched, BlackRock’s IBIT is not just a survivor—it has risen to dominate like a mighty beast, a true ruler of the BTC spot exchange market.
Capital Flows Drive BlackRock Bitcoin ETF
Oh, how the capital flows, like an unstoppable flood, propel BlackRock’s IBIT Bitcoin ETF. It’s not just playing catch-up; it’s sprinting ahead, leaving the competition to eat its dust. As other funds trudge along, IBIT surges ahead, an unstoppable force in the crypto world.
In a curious note on the X platform (formerly known as Twitter, for those not keeping up), The Kobeissi Letter, a prominent player in market commentary, spilled the beans. IBIT has hit a monumental milestone—assets under management have surged to a staggering $76 billion. Yes, you read that right. The world of institutions is waking up to crypto, and they’re bringing their money with them.
According to The Kobeissi Letter, IBIT’s AUM has tripled in just 200 trading days. Let that sink in for a moment. 200 days. A mere blip on the radar, and yet it’s enough to catapult BlackRock into the stratosphere of crypto dominance. This meteoric rise cements BlackRock’s iron grip on the Bitcoin ETF throne. The iShares Bitcoin Trust’s AUM growth is a testament to the growing belief that Bitcoin is no mere speculative play but a key player in the global financial game.
In an interesting twist, the speed of IBIT’s rise is downright exceptional. While most funds would take years to see such growth, IBIT’s rapid climb is almost unfair. Just for context, it took the legendary GLD ETF over 15 years to achieve what IBIT has in less than one. Quite the accomplishment, if I may say so.
Now, let’s not forget that the crypto kingpin, IBIT, has been hoarding more Bitcoin than we could ever dream of. The latest data reveals that IBIT’s BTC holdings have crossed 700,000. For the first time in history, folks! This is a number so big, it makes MicroStrategy look like a modest collector in comparison. The Kobeissi Letter’s conclusion? The crypto markets are quite literally “making history” as we speak.
More Buying Interest In BTC Than ETFs
And just when you thought the saga was over, here comes Lark Davis, crypto guru extraordinaire, with another juicy tidbit. According to Davis, institutional buyers seem to have developed a new obsession—Bitcoin itself. Forget ETFs. They want the real deal. It’s like ordering the steak, not the sizzle.
Public businesses are snatching up Bitcoin in quantities that put ETFs to shame. The pace of Bitcoin Treasury businesses is growing faster than your grandma’s collection of cats. Every week, more and more institutions are hoarding BTC like they’ve just discovered gold. And Davis? He’s betting the house on the idea that this trend is going to make the market go absolutely bonkers. We’re not just talking about a bull market. This is something else entirely.
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2025-07-11 19:59