Emre Yumlu 
The cryptocurrency world is witnessing a historic moment. BlackRock, one of the largest asset management firms globally, has achieved a major milestone with its iShares Bitcoin Trust (IBIT). The spot Bitcoin ETF has officially reached $80 billion in assets under management (AUM), making it the fastest-growing ETF of its kind in financial history.
IBIT Surpasses 706,000 BTC in Holdings
As of July 10, total inflows into spot Bitcoin ETFs hit $1.175 billion, led by IBIT. With this surge, the fund now holds an astonishing 706,000 BTC, setting a new record and outpacing even long-time institutional holders like MicroStrategy.
To put things in perspective, the world’s largest gold ETF—SPDR Gold Shares (GLD)—took over 15 years to reach a comparable AUM. Meanwhile, IBIT reached this level in just 200 trading days, underscoring the dramatic rise in institutional demand for Bitcoin.
Trading Volume Soars Past $5 Billion
According to Bloomberg ETF strategist Eric Balchunas, IBIT recorded a $5 billion daily trading volume on July 10, nearly double its average. The previous day’s volume was $3.5 billion. Balchunas noted that these volume spikes—especially during Bitcoin price rallies—are a strong sign of institutional inflows, or as he calls them, “big boy flows.”
Analysts expect this momentum to continue, with another $1 billion in ETF inflows potentially arriving over the next few sessions.
Bitcoin Hits $118K, IBIT Price Climbs
Fueled by heavy inflows and market confidence, Bitcoin surged to $118,000, setting a new all-time high. Meanwhile, the IBIT share price climbed to $66 in after-hours trading on July 10. Technical analysts suggest the rally could push IBIT toward the $77–$80 range in the near term.
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