BlackRock ($BLK), the largest asset management company in the United States, has set another record with its iShares Bitcoin Trust (IBIT). IBIT added approximately 3,005 BTC in just one day, surpassing total managed assets of $72.7 billion (about 1.01 trillion won), becoming the fastest ETF in history to reach the $70 billion (about 9.73 trillion won) mark. Market analysts suggest that continuous capital inflows from global institutional investors are driving market growth.
As of June 10th, BlackRock purchased Bitcoin worth approximately $336 million (about 467 billion won) through IBIT in a single day. This increased its total holdings to 662,571 BTC, and IBIT's growth rate has surpassed S&P500 and gold ETFs, setting a record for the shortest time to achieve significant growth. ETF market analyst Eric Balchunas noted that "IBIT's growth rate is unprecedented in ETF history".
Since its official listing in the US market in January 2024, IBIT has recorded nearly $50 billion (about 69.5 trillion won) in new inflows in just six months. This is the highest level among the 10 Bitcoin spot ETFs launched at the same time. Despite a massive capital outflow of $430.8 million (about 599.1 billion won) in May, Bitcoin (BTC) price has crossed $111,000 (about 154.29 million won), and the inflow trend is steepening again.
IBIT's stock price also significantly reflected investment sentiment. It recently reached an all-time high of $63 (about 87,570 won) and is currently trading around $62 (about 86,180 won). This represents a nearly 150% return this year, signaling its establishment as an absolute powerhouse ETF centered on institutional investment.
Looking at the overall market, the cumulative trading volume of Bitcoin spot ETFs in the US is about to exceed $1 trillion (about 1,390 trillion won), continuing its steep growth. Some interpret this as traditional Wall Street capital formally entering the digital asset market through Bitcoin.
IBIT's explosive growth is seen as more than just a price increase, but a sign that Bitcoin is being genuinely incorporated into global institutional asset allocation portfolios. Experts predict that institutional demand for Bitcoin is likely to expand further in the future.
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