BlackRock’s IBIT becomes top 20 ETF in US, poised to exceed $100 billion in assets this month

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Market analysts noted that BTC rally is pushing the BlackRock's ETF towards unprecedented $100 billion asset mark.

BlackRock’s spot Bitcoin exchange-traded fund (ETF) is on track to surpass $100 billion in assets this month, according to Bloomberg ETF analyst Eric Balchunas.

In a June 14 post on X, Balchunas noted that while he previously projected the fund, IBIT, could hit the $100 billion mark this summer, it could happen even sooner. He highlighted that the ETF has already reached $88 billion in assets thanks to recent inflows and BTC’s overnight rally above $120,000.

He pointed out that the current AuM places the fund as the 20th largest ETF in the US and the 7th largest for BlackRock. Remarkably, it is also the asset manager’s most profitable ETF, even though it is just 1.5 years old.

BlackRock IBIT’s Key Metrics as of July 11 (Source: SoSoValue)

Observers pointed out that the recent price surge in Bitcoin would further spark renewed momentum and drive institutional capital into the fund.

Bitcoin analyst Kiwi said:

“This week could mark a massive shift in allocation to BTC/IBIT should this pump continue – the money on the sidelines isn’t retail – it’s smart money. Hw long can they sit by and watch this train roll past without action? The career risk to not owning a substantial amount of Bitcoin is getting larger by the hour.”

Data from SoSo Value shows $IBIT’s cumulative net inflows reached $54.40 billion as of July 11. The ETF now holds more than 705,000 BTC, which is roughly 3.6% of Bitcoin’s total circulating supply.