BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed every exchange-traded fund (ETF) launched in the past decade in terms of total assets.

On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in assets— just two weeks after hitting $30 billion. This achievement came in a record 211 days, almost 6x lower than the previous record of 1,253 days set by the iShares Core MSCI Emerging Markets ETF (IEMG).

BlackRock’s IBIT Assets (Source: X/Balchunas)

At just 10 months old, IBIT has already become one of the top 1% of ETFs by assets. It has surpassed the total assets of all 2,800 ETFs launched over the last ten years, a remarkable achievement considering most ETFs take years to accumulate substantial value.

Meanwhile, IBIT also stands fourth among US ETFs for 2024 inflows, having attracted more than $28 billion so far. It is the only crypto-related ETF in the top 10.

Top 10 US ETFs by Inflows (Source: X/Balchunas)

These impressive numbers highlight the increasing demand for Bitcoin exposure in mainstream investment portfolios. Its success also suggests strong momentum behind digital asset ETFs, which may become a lasting fixture in traditional finance.

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