BlackRock's IBIT Fund Exceeds 500,000 Bitcoin in Assets Under Management

BlackRock's iShares Bitcoin Trust (IBIT) has surpassed 500,000 Bitcoin in assets under management, according to recent information with impressive capital inflows into this fund. As of September 30, the fund held 367,805 BTC, and the Bitcoin holdings have since increased to over 500,000 in recent days due to stable cash flow from institutional investors and rising demand for purchases.

BlackRock has recorded significant attraction with record net inflows for IBIT, indicating that this ETF fund is attracting strong interest from both institutional and individual investors. In Q3 2024, IBIT reported a NAV growth of 20%, with total assets reaching $23.3 billion, demonstrating the growth momentum and strong position of the fund in the Bitcoin ETF market. This outstanding success marks IBIT as one of the largest Bitcoin ETF funds globally, further strengthening the participation of institutional investors in the cryptocurrency market.