BlackRock’s IBIT Breaks Top 31 Globally As Bitcoin ETF Market Hits $125 Billion

The US spot bitcoin (BTC) exchange-traded funds (ETFs) have achieved an important milestone, proving the growing institutional adoption of the leading cryptocurrency.

Dune data shows that holdings of all the spot BTC ETFs have exceeded $125 billion, representing more than 6.05% of BTC’s current supply.

 

Bitcoin ETFs’ Performance. | Source: Dune

This achievement is notable given that these Bitcoin funds debuted slightly over a year ago (Jan. 11, 2024). Bloomberg’s senior ETF analyst, Eric Balchunas, stated that investments in these spot Bitcoin ETFs totaled $4.2 billion between Jan. 1 and 24, 2025.

He added that these funds have almost the same inflows as spot gold ETFs but have surpassed Environmental, Social, and Governance (ESG) ETFs in assets.

BlackRock’s Bitcoin ETF Ranks 31st Among Global ETFs

Meanwhile, BlackRock’s iBIT (the largest bitcoin ETF based on assets under management) holds $61.11 billion in BTC out of the $123.43 billion in BTC managed by all BTC ETFs. Hence, it accounts for 50.4% of the total US Bitcoin ETF market.

Data from VettaFi, a leading provider of data analytics and indexing services for the ETF industry, showed that IBIT’s milestone has made it the 31st largest ETF among global ETFs. Meanwhile, SoSoValue data shows that BlackRock‘s ETF generated over $321 million in BTC on Jan. 30, representing nearly 54% of the day’s $588.22 million net inflows.

Many analysts are confident that BTC will remain bullish this year despite worries about a temporary dip to $96,000. Bitget’s chief research analyst, Ryan Lee, said BTC’s price could reach $200,000 this year due to the rising interest in BlackRock’s fund and other Bitcoin ETFs’ milestones.

Meanwhile, Binance founder Changpeng Zhao tweeted that the EU needs BTC. His tweet was in response to the European Central Bank president’s declaration that the EU does not need a BTC reserve.