BlackRock’s IBIT Bitcoin ETF Becomes Top 20 Fund After Assets Hit $90.7 Billion
BlackRock’s iShares Bitcoin Trust (IBIT) has entered the top 20 list of the biggest ETFs (exchange-traded funds) for the first time, with its assets reaching $90.7 billion. According to an X post by Bloomberg ETF analyst Eric Balchunas, IBIT is now ranked below the Vanguard Dividend Appreciation ETF (VIG US) with its $98 billion in assets, and above the Technology Select Sector SPDR Fund (XLK US) with its assets standing at $90.6 billion. That’s after BlackRock’s spot Bitcoin ETF recorded its biggest net daily inflows since Aug. 14. Analyst Says IBIT Could Enter Top 10 Around December 2026 Asked when or if IBIT could enter the top ten list, Balchunas said the milestone ”may not take long.” “It took in $40b last 12mo and went up 85%,” Balchunas wrote, estimating it could enter the top 10 around Christmas next year. Someone asked me how long till Top 10. It is $50b away. If the last 12mo are repeated it may not take long. It took in...