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Blackrock’s IBIT sets a record with 52.4 billion USD in Bitcoin assets

Blackrock’s IBIT has garnered over 37.31 billion USD in net inflows since its debut on January 11, 2024. Its impressive holdings now total approximately 52.4 billion USD, equivalent to around 552,554.76 BTC, reflecting heightened investor interest.

In contrast, Grayscale’s Bitcoin Trust (GBTC) faced substantial outflows of 21.35 billion USD this year. This stark difference emphasizes IBIT’s rapidly growing dominance in the Bitcoin ETF landscape and the shifting investor preferences towards NFTs and cryptocurrencies.

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