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BlackRock IBIT ETF

BlackRock’s IBIT Becomes Fastest ETF to Reach $70B, Surpassing Gold ETF Record

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  • BlackRock’s IBIT ETF reached $70B AUM in 341 days, breaking the ETF growth record.
  • IBIT grew 5x faster than SPDR Gold Shares, which took 1,691 days to hit $70B AUM.
  • BlackRock now holds over 663,000 BTC exceeding MicroStrategy’s Bitcoin holdings.

BlackRock’s spot Bitcoin ETF, known as IBIT, hit a historical landmark on Monday. The exchange-traded fund (ETF) surpassed the $70 billion mark in assets under management (AUM) and became the fastest ETF to achieve this level.

In just 341 trading days, IBIT outperformed the previous record holder, the SPDR Gold Shares (GLD) ETF, by five times. Bloomberg Senior ETF Analyst Eric Balchunas highlighted the achievement, pointing out the speed at which IBIT attracted investor capital.

This rapid growth establishes a new benchmark for the ETF industry. Its sharp ascent is greater than that of many other well-known funds, including VOO, IEFA, and IEMG, which took more than 1,700 days to reach similar levels. At the same time, the record-breaking pace marked a noticeable change in investors’ interest in Bitcoin-based financial products.

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Source: X

Bitcoin ETFs’ Impact on Institutional Investment

Bitcoin’s strong price performance since 2024 enabled IBIT to see an upsurge in its AUM. However, Bitcoin was up over 2% at the time of writing, trading above $108,000 in the latest session. Consistent inflows have hit IBIT, which has enjoyed a 34-day run of positive investments in recent days. The demand from retail and institutional investors shows a steep increase in the appetite for regulated exposure to Bitcoin.

BlackRock’s strategy in the digital asset market has seen it become a leader in the institutional cryptocurrency adoption race. According to a blockchain analytics firm, Arkham Intelligence, BlackRock holds around 663,000 Bitcoin in custody for its clients, more than other major holders, including MicroStrategy. Consequently, this shows a larger trend in asset managers trying to integrate cryptocurrencies into their portfolios.

Future Prospects for Bitcoin ETFs and Market Trends

IBIT was launched by BlackRock in January 2024 making it the largest spot Bitcoin ETF globally. The fund’s growth has been remarkable, after a period in which institutional acceptance of cryptocurrencies as legitimate asset classes has increased. While IBIT’s assets under management (AUM) are significant at $5.8 billion, other funds like those offered by Fidelity and Grayscale fall far behind with Fidelity’s ETF holding approximately $31 billion.

This highlights the changing landscape in asset management when compared to SPDR Gold Shares. First launched in 2004, it previously held the record of being the fastest-growing commodity ETF and manages about $100 billion. In times of economic instability, both Bitcoin and gold attract investors as alternative ways to store value.

IBIT’s quick rise illustrates Bitcoin’s changing position in conventional finance. With the ETF drawing in more investments, analysts anticipate growing interest in cryptocurrency investment products. This trend could also impact the approval of more spot cryptocurrency ETFs, such as those based on Solana and Ripple, which are still undergoing regulatory scrutiny.

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BlackRock’s IBIT ETF Drives New Bitcoin Futures Debut on Moscow Exchange

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  • Moscow Exchange debuts bitcoin futures for accredited investors tied to BlackRock’s IBIT ETF.
  • BlackRock’s IBIT ETF enters the global top 25 ETFs with $72.4 billion in assets under management.
  • Russian banks expand crypto investment options but retail investors face strict restrictions.

The Moscow Exchange (MOEX), Russia’s largest stock exchange, is now offering bitcoin futures linked to BlackRock’s iShares Bitcoin Trust ETF (IBIT). Starting from June 4, 2025, Russian institutional investors could access bitcoin through the new regulated investment product.

This announcement coincides with a growing global interest in crypto derivatives, as BlackRock’s IBIT moves into a position among the world’s top 25 ETFs by assets under management.

Bitcoin Futures Debut on Moscow Exchange Amid Regulatory Shift

The Moscow Exchange now offers bitcoin-linked futures contracts exclusively to accredited investors, reflecting a sharp shift in Russia’s approach to digital assets. Each contract tracks the IBIT ETF, which is listed on U.S. exchanges and represents fractional bitcoin ownership through a regulated vehicle. The new futures contracts quote prices in U.S. dollars but settle transactions in Russian rubles.

The Russian central bank opened the door for the exchange by allowing qualified investors to trade crypto-related securities and derivatives in May 2025. The regulatory change follows years of restrictions on direct bitcoin investments in Russia’s traditional financial sector. According to official figures, MOEX reported 36.9 million brokerage accounts as of May, with over 315,000 classified as qualified private investors.

Trading for the new futures began on Wednesday, and the Moscow Exchange plans to introduce investor qualification tests starting June 23. The contracts will expire quarterly, with the first expiring in September 2025. The Saint Petersburg Stock Exchange has also started a pilot program for cash-settled crypto futures, highlighting the country’s move toward digital assets.

Rising Institutional Interest as Sberbank and T-Bank Join Crypto Market

Furthermore, Sberbank and T-Bank, two major Russian banks, are expanding their digital asset offerings. Sberbank has recently introduced bitcoin futures and structured bonds that monitor bitcoin’s price and the U.S. dollar to ruble exchange rate. These products show that MOEX’s policy is to allow clients to access Bitcoin without direct crypto asset ownership.

The move aligns with global trends, as BlackRock’s IBIT ETF rapidly advanced to the top 25 ETFs worldwide, amassing $72.4 billion in assets in just 1.4 years. Bloomberg’s senior ETF analyst Eric Balchunas noted IBIT’s record inflows, which reached $15.5 billion in its first three months, placing it among the top ten ETFs for inflow streaks.

Despite the government’s strong support, most Russians are not yet participating in cryptocurrency trading. Current regulations restrict accredited investors’ access to crypto-derived products and ETF-linked products. This situation, however, is met with mixed reactions among retail traders who prefer direct cryptocurrency trading on global platforms.

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