The iShares Bitcoin Trust (IBIT) managed by BlackRock has surpassed $60 billion in assets under management (AUM) within less than 13 months on the market. It achieved $40 billion in net inflows in a single day, following a 71-day net inflow streak at the start. In 2024, IBIT received $34 billion in positive net flows, accounting for approximately 5% of BlackRock's total flows. Despite being the 11th largest iShares ETF out of more than 400, IBIT remains much smaller compared to the top three largest ETFs. However, Bitwise research head Ryan Rasmussen believes that within the next year or two, a bitcoin ETF could surpass the largest gold ETF, State Street's SPDR Gold Shares, and potentially enter the top 20. Climbing above the largest broad-based equities ETFs would be more challenging due to their significant presence and allocation in portfolios. Rasmussen suggests that achieving such a feat would require a substantial increase in bitcoin's price, increased investor adoption, and larger typical bitcoin allocations, which may take many years to accomplish.



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