BlackRock's Bitcoin Spot ETF "IBIT" has surpassed $80 billion in scale, setting a record for the fastest speed in history.

Bloomberg analyst Eric Balchunas posted on the X platform on July 11, stating that the Bitcoin Spot ETF IBIT launched by asset management giant BlackRock has surpassed $80 billion in managed funds in just 374 days, making it the fastest ETF to reach this scale in history, far surpassing the previous record of 1,814 days held by the Vanguard S&P 500 ETF (VOO). (Background: Standard Chartered Bank report: Bitcoin surges to $135,000 in Q3, driven by ETF reserve frenzy, beware of high-leverage fluctuations) $IBIT blew through the $80b mark last night, fastest ETF to get there in 374 days, about 5x faster than the previous record, held by $VOO, which did it in 1,814 days. Also at $83b it's now 21st biggest ETF overall.. via @JackiWang17 pic.twitter.com/a0LuvfeSek — Eric Balchunas (@EricBalchunas) July 11, 2025 Three major driving forces: timing, fee rate, and influx of funds. The launch of IBIT coincided with increasingly clear regulations and the urgent need for investors to find legal channels, accurately capturing market demand. Although the 0.25% fee rate is higher than BlackRock's IVV (0.03%) that tracks the S&P 500, its massive scale is expected to generate annual revenue of $190 million for BlackRock. The funding aspect is even more straightforward: in just one year, IBIT has attracted 96% of the total inflow into spot Bitcoin ETFs, and even European bank UniCredit SpA has issued certificates based on IBIT. Brand trust combined with liquidity advantages has formed a positive cycle. BlackRock's eye-catching tool. Within BlackRock, IBIT is already the third largest 'money-raising machine', with annual revenue only about $9 million less than the iShares Russell 1000 Growth ETF (IWF), but it could easily ascend to first place. In the U.S. market, it holds about 700,000 Bitcoins, accounting for 56%, completely surpassing Grayscale's GBTC. Bloomberg ETF analyst Eric Balchunas described IBIT's expansion speed as 'unprecedented': 'In 374 days, it broke through $80 billion, a growth pace we have only seen in tech startups before.' Beyond the milestone: ranked 21st, the next stop is even higher. Furthermore, looking at the global ETF market capitalization rankings, IBIT has already ranked 21st. For a product that has only been issued for just over a year, this is undoubtedly an anomaly, reflecting investors' high interest in digital assets. From speed to scale, IBIT has written a new chapter for ETFs, securing an unprecedented territory for Bitcoin on Wall Street. Whether it can continue to climb in the future is worth our attention. Related reports: Bridgewater's founder warns: Companies hoarding Bitcoin will eventually retreat, investors can buy coins directly, there's no need to buy ETFs at a premium. REX Shares announces the first U.S. Solana staking ETF 'listing on Wednesday', SOL once approached $160. BlackRock's Bitcoin ETF 'IBIT' outperforms all its funds, making more than the S&P 500 ETF, which is ten times larger. This article was first published on BlockTempo 'The most influential blockchain news media'.