#IBITHits54B

About IBITHits54B

Bloomberg's Eric Balchunas confirmed BlackRock's IBIT hit $54B AUM, a new record, capturing nearly 50% of all RIA-allocated crypto ETF capital. After heavy mid-May outflows (over $1B net in one week), flows have now stabilized with BTC holding above $74K. Since its Jan 2024 launch, IBIT has grown from experimental product to the world's largest Bitcoin investment vehicle. At $54B, institutional BTC allocation has moved from testing the waters to standard portfolio positioning.