Ah, the sweet taste of irony. As the great Soviet behemoth once crumbled beneath the weight of its own contradictions, so too do we witness the unholy union of Bitcoin, that erstwhile bastion of libertarian fervor, and BlackRock, the very embodiment of capitalist excess. The iShares Bitcoin Trust (IBIT), that most curious of creatures, has now surpassed 700,000 BTC in its grasp, a veritable treasure trove of digital riches.
- Like a great and terrible juggernaut, IBIT has gathered $76 billion in assets under management, leaving in its wake the likes of IVV (S&P 500) and IWM (Russell 2000), those venerable stalwarts of the financial establishment.
- And what of the U.S. spot bitcoin ETFs, those fledgling upstarts? In a mere 18 months, they have attracted a staggering $50 billion in net inflows, with IBIT leading the charge like a latter-day Napoleon.
- But wait, dear reader, for there are other players in this grand farce. Grayscale’s GBTC and Fidelity’s FBTC hold a paltry 184,000 BTC and 203,000 BTC, respectively. Ah, the also-rans of the digital gold rush.
And so, we are left to ponder the sheer, unadulterated madness of it all. BlackRock’s IBIT, that great and terrible engine of financial wizardry, has outstripped the likes of the iShares Core S&P 500 ETF (IVV) and iShares Russell 2000 ETF (IWM). The figures are nothing short of astounding, a testament to the boundless avarice of the human spirit 🤑.
“New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous,” quipped Nate Geraci, president of The ETF Store, in a post on X. Ah, the understatement of the century 😂.
And so, dear reader, we are left to marvel at the sheer, unadulterated absurdity of it all. The U.S. spot bitcoin exchange-traded funds (ETFs), those most curious of creatures, have become the most successful ETF introductions of all time. Since inception, they have attracted a staggering $50 billion in net inflows. Truly, a testament to the power of human ingenuity… or sheer, unadulterated madness 🤪.
IBIT, that great and terrible engine of financial wizardry, is now the third highest revenue-generating ETF for BlackRock across all its ETF products. Ah, the sweet taste of success. Senior Bloomberg ETF analyst Eric Balchunas noted that BlackRock operates a total of 1,197 funds. Truly, a staggering array of financial wizardry 🧙♂️.
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2025-07-08 11:39