BlackRock’s Bitcoin ETF continues to break records

BlackRock’s Ibit fund continues to break intra-company records. It’s now the most successful ETF product they’ve ever launched (if the trend we’ve seen in the first twenty months since launch continues in the last three months of this year). CEO Larry Fink hasn’t regretted his interest in Bitcoin so far.

3%

When BlackRock announced in the summer of 2023 that it would submit an application for a Bitcoin ETF (exchange-traded fund) to the SEC (the US securities regulator), the price of Bitcoin steadily rose. This was because everyone on Wall Street knew that BlackRock always succeeds its SEC applications.

$IBIT a hair away from $100 billion, is now the most profitable ETF for BlackRock by a good amount now based on current aum. Check out the ages of the rest of the Top 10. Absurd. pic.twitter.com/E8ZMI2wynx

— Eric Balchunas (@EricBalchunas) October 6, 2025

In January 2024, six months after its initial application, BlackRock finally received approval for a Bitcoin Spot ETF, marking a major turning point in the institutional adoption of crypto.

Ever since then, the financial giant has steadily expanded its Bitcoin holdings to a point where, according to the latest calculations, BlackRock now owns 3% of all Bitcoins in circulation.

In practice, these Bitcoins are tracked by iShares Bitcoin Trust (IBIT), the fund behind BlackRock’s Bitcoin Spot ETF.

This has become (virtually) BlackRock’s most successful ETF product, which is remarkable considering the other ETF products in the top 10 have been in circulation for over 25 years. In less than two years, the Bitcoin ETF has overtaken all others.