Key Takeaways:
- BlackRock’s iShares Bitcoin Trust ($IBIT) reached $70 billion AUM in just 341 days, making it the fastest-growing ETF in history and highlighting surging institutional demand for crypto exposure.
- Bitcoin rebounded from a $103K support level and is approaching a key resistance at $107K, with bullish momentum fueled by $IBIT’s success and growing investor confidence in crypto-backed assets.
BlackRock’s iShares Bitcoin Trust ($IBIT) has reached a landmark achievement, becoming the fastest exchange-traded fund (ETF) to hit $70 billion in assets under management (AUM). According to Merkle Tree Capital, this milestone was reached in just 341 days—far outpacing traditional asset vehicles like SPDR Gold Shares (GLD), which took 1,691 days to achieve the same feat.
CHART OF THE WEEK: BlackRock’s Bitcoin ETF ($IBIT) has reached $70 billion in assets under management, becoming the fastest ETF in history to reach that mark—doing so in only 341 days. That’s five times faster than the previous record set by gold ETF GLD, which took 1,691 days pic.twitter.com/LABYUQmuCe
— Merkle Tree Capital (@merkle_capital) June 16, 2025
This breakthrough signals a transformative shift in investor sentiment toward cryptocurrency-backed assets. The accelerated growth of $IBIT underscores growing confidence in Bitcoin as a mainstream financial instrument and a modern alternative to traditional safe-haven assets like gold.
BlackRock’s Entry Drives Institutional Confidence
As the world’s largest asset manager, BlackRock’s foray into the crypto market has added significant credibility to Bitcoin’s long-term value proposition. The iShares Bitcoin Trust has become a crucial bridge for institutional investors seeking regulated exposure to digital assets without direct custody risks.
The soaring popularity of $IBIT reflects a broader trend: Wall Street is warming up to Bitcoin. Analysts argue this is a pivotal moment in Bitcoin’s integration into traditional finance. The continued capital inflow into $IBIT has helped stabilize Bitcoin’s price, even amid global economic uncertainty, cementing its image as a digital store of value.
Moreover, $IBIT’s success has set a benchmark for other crypto ETFs vying for market share, reshaping how institutions approach crypto asset allocation.
Bitcoin Price Rebounds, Eyes $107K Breakout
Amid the ETF’s historic rise, Bitcoin’s market action mirrors investor optimism. After a brief pullback from the $110,000 resistance level, Bitcoin found a solid support base at $103,078. It has since rebounded, surging past $105,000 and reclaiming the 100-hour simple moving average—signaling renewed bullish momentum.
At the time of writing, Bitcoin is trading near $105,800 and is flirting with the $106,000 resistance level. The next crucial target is $106,750, which aligns with the 50% Fibonacci retracement level. A decisive move above this point could trigger a swift breakout, opening the path toward the $107,500 mark.
If bulls manage to clear the $107,500 barrier, the momentum could push BTC toward the $108,000 zone and potentially back toward its previous high of $110,000. Market sentiment, buoyed by $IBIT’s explosive growth, is expected to continue driving this bullish narrative in the near term.
Also Read: Universal Digital Inc. Announces Bitcoin Treasury Strategy Across North America And Asia
Outlook: Bitcoin Enters a New Era
BlackRock’s ETF milestone is more than just a financial statistic—it represents a paradigm shift in the investment world. With regulated pathways like $IBIT gaining rapid traction, Bitcoin is no longer seen as a fringe asset. Instead, it’s being embraced as a legitimate, institutional-grade investment vehicle.
As long as investor appetite remains strong and macroeconomic conditions stay favorable, both $IBIT and Bitcoin appear poised for continued growth—cementing the digital asset’s role in the next generation of finance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
