BlackRock, Inc. (NYSE: BLK) launched its spot U.S. exchange-traded fund (ETF) tied to Bitcoin (BTC) on Jan. 11, 2024. It was a historic moment for the crypto industry as the launch demonstrat
BlackRock, Inc. (NYSE: BLK) launched its spot U.S. exchange-traded fund (ETF) tied to Bitcoin (BTC) on Jan. 11, 2024.
It was a historic moment for the crypto industry as the launch demonstrated the growing faith of Wall Street in digital assets.
Several large players like Morgan Stanley (NYSE: MS) and Franklin Templeton (NYSE: BEN) have also launched Bitcoin ETFs by now.
It has been more than two years since then and the iconic fund has gone through its ups and downs.
BlackRock's iShares Bitcoin Trust ETF (Nasdaq: IBIT) tracks the price of Bitcoin and gives investors indirect Bitcoin exposure.
The way Bitcoin hit the record high price of $126,080 on Oct. 6, 2025, IBIT's price also hit the record high of $71.82 the same day.
The fund similarly mirrored Bitcoin's downfall over the next months.
Bitcoin is currently trading 40% lower than its record high at $73,388.24. IBIT is also trading 40% lower than its record high and closed at $42.45 on May 27.
It also marked the second-worst day for the BlackRock fund as it logged $527.84 million in net daily outflow as per SoSoValue.
iShares Bitcoin Trust (IBIT), Source: SoSoValueThe fund saw a net daily outflow of $528.30 million on Jan. 30, its worst day ever.
As of May 27, IBIT has a cumulative net inflow of $64 billion and holds net assets worth $59.48 billion.
Collectively, there are 13 spot Bitcoin ETFs listed in the U.S. market which have a cumulative net inflow of $56 billion, and hold total net assets worth $96.45 billion as of May 27.
