The bottom quoted in the stock market (ETF) Ishares Bitcoin Trust (Ibit) managed by Blackrock, remains unstoppable in the market.
This, which is the largest Bitcoin -based fund (BTC) in the world, Now is among the 20 main ETFs with assets under management that exceed 90,000 million dollars, Point out The ETF specialist Eric Balchunas.
A huge figure, especially for a product that was launched in January 2024. The financial instrument since its launch was profiled as the favorite of investors, to the point, which has 770,000 BTC, surpassing its counterpart Grayscale Bitcoin Trust (GBTC), which has 224,300 BTC in its holdingswhich represents a difference in possession of approximately 243%.
In fact, Ibit has surpassed XLK (Technology Select Sector SPDR Fund) issued in 1998. While XLK, focused on companies such as Apple and Microsoft, needed more than two decades to consolidate, Ibit achieved this position in less than two years, highlighting its rapid promotion in the traditional market.
In this context, balchunas too commented About what is missing and when Ibit could break into the Top 10 of ETF for assets under management.
The specialist explains that he would lack 50,000 million dollars for that. “If the last 12 months are repeated, it may not be late,” he says. This says, since the fund raised “40,000 million dollars the last 12 months and rose 85%.”
«That said, the other ETFs are also growing, so I don’t know. If they forced me, I would estimate that it would be for Christmas of 2026, ”Balchunas added.
Such Ibit advance in the US market represents Bitcoin’s maturation as strong asset, similar to how gold was integrated into traditional portfolios. In addition, it has promoted the price of BTC to new historical maximums, as indicated by cryptociases, since The managing companies of these instruments must buy and maintain Bitcoin in their treasury To support your actions.
If there is demand in these financial products, the firms must go to the market to buy more BTC. By simple supply and demand law, that makes the price of the digital currency rise.
Additionally, the Bitcoin ETFs raided the way for more ETFs of digital assets such as Ether (eth), Ethereum cryptocurrency and soon those of Solana (Sun) reach the market.