BlackRock's IBIT asset management scale breaks 70 billion USD, leading in speed among ETFs in the United States.

Gate News bot news, BlackRock’s iShares Bitcoin Trust ETF (IBIT) is rapidly consolidating its absolute dominance among similar funds.

Bitcoin analyst James Check emphasized this difference in a post on X on June 29, pointing out that since December 2024, the total inflow of all other Bitcoin ETFs has been stagnant at around $20 billion.

In comparison, IBIT has accumulated over 52 billion dollars in capital inflow since its launch, solidifying its dominant position in the field.

He further pointed out that this trend is reflected in the weekly inflow data, where IBIT attracted most of the new investments, while its outflows were negligible compared to competitors.

Check wrote: “In terms of total assets under management, the dominance of all other ETFs has been steadily declining, with the initial outflow of GBTC dominating, but recently its dominance has decreased due to investors’ clear preference for IBIT.”

This is consistent with the data from Bloomberg ETF analyst Eric Balchunas. He pointed out that based on the inflow volume year-to-date, IBIT is currently the fourth largest ETF in the United States.

According to Balchunas’s data, IBIT has surpassed the SPDR Portfolio S&P 500 ETF (SPLG) and is approaching heavyweight ETFs such as the Vanguard Total Stock Market ETF (VTI).

As of June 23, the inflow of IBIT has reached 13.7 billion USD, higher than SPLG’s 13.4 billion USD, but lower than VTI’s 19.3 billion USD.

He also emphasized the exceptional status of IBIT, pointing out that the fund “ranks fifth in three years of capital inflow (despite being established for only a year and a half).”

These inflows helped the fund surpass $70 billion in assets under management (AUM) in just 341 trading days, making it the fastest among all U.S. ETFs.

Source: CryptoSlate