Spot Bitcoin ETFs Reel In Over $1B as IBIT Sets Record Pace for Growth
Spot bitcoin ETFs saw a surge of more than $1 billion in net inflows on Thursday, one of their strongest single-day totals since debuting. The inflows coincided with bitcoin’s new all-time high, soaring past $118,000.
Leading the charge was BlackRock’s iShares Bitcoin Trust (IBIT), which crossed the $80 billion mark in assets under management (AUM). IBIT reached this milestone in just 374 days, becoming the fastest ETF ever to do so. By comparison, the previous record-holder, the Vanguard S&P 500 ETF (VOO), took 1,814 days to reach the same asset level, according to Eric Balchunas, senior ETF analyst at Bloomberg Intelligence.
With its rapid growth, IBIT has climbed to the rank of the world’s 21st largest ETF, an impressive feat for a fund barely over a year old that launched in the wake of U.S. approval for spot bitcoin ETFs.
Thursday’s billion-dollar inflow marks only the fourth time spot bitcoin ETFs have pulled in daily inflows of this size. The last time was in January, coinciding with the inauguration of U.S. President Donald Trump. Prior spikes occurred twice in November 2024, shortly after the U.S. elections.
The growing inflows highlight increasing investor interest in gaining direct bitcoin exposure through traditional financial products. Spot bitcoin ETFs provide a simpler path for institutional and retail investors who may be wary of navigating crypto custody and regulatory complexities themselves.
Meanwhile, Trump’s media company has filed for its own spot bitcoin ETF under the Truth Social brand, though it’s still pending approval from the Securities and Exchange Commission (SEC).
Other spot ETFs tied to assets like Solana (SOL), XRP, and additional cryptocurrencies remain awaiting regulatory clearance as well.
