BTC Holdings Reach 661,457... Becoming the Top BTC Holding Institution
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ETF analyst Eric Balchunas noted on X (formerly Twitter) that "IBIT has surpassed 70 billion dollars (approximately 95.6 trillion won) and become the fastest ETF in history". For reference, the existing record-holding Gold ETF 'SPDR Gold Shares (GLD)' took 1,691 trading days to reach the same level.
IBIT has been showing continuous net inflows since its launch. It recorded 31 consecutive days of net inflows until May 30th, with total net inflows reaching 48.7 billion dollars. Among the 10 Bitcoin spot ETFs launched in the US on the same day, it ranks first in both returns and net inflows.
Institutional funds are also rapidly flowing in. Goldman Sachs invested approximately 1.4 billion dollars (about 1.913 trillion won) in Bitcoin spot ETFs in the first quarter of 2025, with most concentrated in IBIT. Goldman Sachs holds about 30.8 million shares of IBIT.
IBIT was selected as the 'Best New ETF' and 'Cryptocurrency ETP of the Year' by ETF.com in April. Accordingly, IBIT is establishing itself as a representative cryptocurrency investment tool in the market.
However, Blockstream CEO Adam Back warned that "while ETFs are useful for beginners, allocating over 90% can be risky", adding a caution against excessive concentrated investment.
Reporter Jung Ha-yeon yomwork8824@gmail.com
