Latest news with #iSharesBitcoinTrust
Yahoo
13-06-2025
- Business
- Yahoo
BlackRock's Bitcoin Fund Becomes Quickest ETF to Top $70 Billion
BlackRock, Inc. (NYSE:BLK) is one of the best stocks for a . The company's iShares Bitcoin Trust (IBIT), the biggest Bitcoin ETF available, has reached $70 billion in assets faster than any ETF before it, marking another major achievement. According to Bloomberg analyst Eric Balchunas, IBIT, the leading option among the 12 Bitcoin ETFs currently on the market, hit the milestone on June 9, 341 days after its launch. Balchunas noted on X that IBIT reached that level '5x faster than the old record held by GLD of 1,691 days,' referring to State Street's well-known gold ETF. Though firms like Fidelity and VanEck also offer Bitcoin ETFs, none match BlackRock's in size. Fidelity's FBTC holds $20 billion, while Grayscale's GBTC trails slightly with just under $20 billion. IBIT and ten other Bitcoin ETFs made their debut early last year following long-awaited approval from the Securities and Exchange Commission. Their launch highlighted strong investor interest in gaining exposure to Bitcoin's price, with IBIT pulling in over $1 billion in assets during its first four days. By November, BlackRock, Inc. (NYSE:BLK)'s Bitcoin ETF had outpaced its gold ETF in assets, becoming the largest among the firm's 1,400 global funds. While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
BlackRock's Larry Fink has a blunt response to exit rumors
BlackRock's Larry Fink has a blunt response to exit rumors originally appeared on TheStreet. BlackRock, Inc. (NYSE: BLK) CEO Larry Fink has shut down rumors of his exit from the firm, saying: I'm not planning to leave BlackRock anytime soon, so you don't have to have those questions later on. Fink, who co-founded BlackRock in 1988, put an end to such speculations while speaking to an audience at the firm's annual investor day in New York City on June 12. The firm is the world's largest asset manager that managed $11.5 trillion in assets under management (AUM) as of 2024. It is also among the first Wall Street giants to include crypto-linked funds among its offerings. Under Fink's leadership, the asset manager launched a spot Bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust (IBIT) in January 2024. As per SoSoValue, IBIT held $72.55 billion in net assets as of 11 June, making it the largest such fund in the world. The fund accounts for 3.35% of total Bitcoin share. Fink also oversaw the launch of a spot Ethereum ETF called the iShares Ethereum Trust (ETHA) in July 2024 which held $4.54 billion in net assets. This fund accounts for 1.34% of total Ethereum share. The firm also stated its goal of becoming the world's largest crypto asset manager by 2030 so as to manage more than $50 billion in AUM. It also plans to expand crypto-linked funds to Europe and Canada. In the past, BlackRock selected Coinbase (Nasdaq: COIN), the largest U.S. crypto exchange, to provide crypto trading and custody services to institutional clients of Aladdin, the asset manager's end-to-end investment management platform. It also manages the Circle Reserve Fund, backing the stablecoin issuer's reserves. In addition, BlackRock also manages $2.89 billion in BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized money market fund. Overall, the firm said its goal is to reach more than $35 billion in revenue and $280 billion in market capitalization by 2030. BlackRock's Larry Fink has a blunt response to exit rumors first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared.
CNBC
12-06-2025
- Business
- CNBC
How bitcoin price's newest source of long-term support is evolving
Bitcoin may have come off the all-time high it hit in May, but the cryptocurrency is still trading above $100,000, and doing so with more consistency. Bitcoin recently held above $100,000 for 30 days, even with a 10% pullback, the first time that's ever happened. A look at the bitcoin price chart this years show that it has more or less been through a V-shaped recovery, with its early gains wiped out but a sharp turn back up to the recent all-time high, close to where it remains today. Plenty of reasons are offered for the ups and down in what has always been a volatile trade, but the biggest bitcoin ETF manager and a financial advisor who follows the cryptocurrency closely say that one source of price support that is new and won't go away is the steady, if cautious, adoption of bitcoin by financial advisors and institutional investors. After a recent week during which bitcoin ETFs suffered outflows, the bigger story remains the significant inflows this year. At iShares, the Bitcoin Trust (IBIT) had its second-highest monthly flows ever in May, at $6 billion. This year, the ETF has taken in close to $12 billion in all, and over every short-term time period — one-week ($600 million), one-month ($4.8 billion), three-month ($9.6 billion), the flows are up. "The iShares bitcoin ETF numbers are remarkable," Nate Geraci, president of the ETF Store, an investment advisor that focused on using ETFs for portfolio construction and management, said during a recent CNBC "ETF Edge" segment. It's not just the $6 billion May month he was referring to, but the fact that day-in and day-out the iShares Bitcoin Trust (IBIT) has been taking in money and is among the top five ETFs in flows across the entire industry this year. "It's only been on the market for 17 months and it's at $70 billion," Geraci said — $72 billion, as of June 12. Geraci says what is taking place in the market relates to a few factors. Becoming decoupled from the broader markets in recent weeks has helped to make a case for the asset class as one with lower correlation to other assets. But is also a testament to how financial advisors and institutional investors adopt a new asset class and, over time, they are becoming "much more comfortable with the idea of owning bitcoin in a diversified portfolio," he said. "It's a process with any new asset class," Geraci said. "Advisors and institutions don't just jump in without looking. There is education and a due diligence process and now we're hitting the point where investors are becoming more comfortable," he added. At No. 5 in flows among all ETFs year-to-date, it's only the two giant S&P 500 ETFs, VOO and SPY, an ultrashort treasuries ETF, SGOV, and the Vanguard Total Stock Market ETF, that are ahead of the iShares Bitcoin Trust. Jay Jacobs, who heads the U.S. equity ETF business at iShares, said there are three stages with any new asset class: product launch, which provides the access, followed by the education, and then the third stage of implementation, "people taking the leap to allocate." "We've seen institutions and advisors making allocation," he said. "So around stages two and three, we are very deep into those stages. We're starting to see really good tailwinds in implementation," he added. Jacobs noted that even within BlackRock, asset allocation models run by the firm on behalf of its clients have begun to incorporate the bitcoin ETF as part of alternative investment models that behave "very differently from traditional assets. ... more people are really looking for global monetary alternatives." The action in iShares Ethereum Trust (ETHA) has also been strong, second only to iShares bitcoin ETF this year in flows, with close to $1.5 billion year-to-date into the fund. Jacobs was cautious about comparing other coins to the stage of implementation with bitcoin among investors, but he did say, "What's changed in the last month are flows into the ethereum ETF," speaking to the majority of that $1 billion-plus increase coming within the last month. He also noted that trade may be more related to short-term factors — better performance for ethereum after a difficult start to the year, stablecoin policy momentum as a tailwind, and an upgrade to the ethereum protocol itself. "Bitcoin is still the vast majority of the conversation from client talks and the interest among professional investors, but we have started to see ethereum really pick up as well," Jacobs said. Geraci is of the view that it's too early in the ethereum uptake within the ETF market to compare it to the education process that has taken place with bitcoin. "I view it more as a tech play than bitcoin, which many view as digital gold. It takes time for advisors and investors to get comfortable with where it fits in a diversified portfolio. It's very early quite frankly," he said. One trend Geraci is certain of is that there will be more crypto ETFs coming. "We have a much more crypto friendly SEC and we will see a wave of crypto-related ETFs coming to market and a lot more options to wade through," he said. Disclaimer
Yahoo
12-06-2025
- Business
- Yahoo
Wall Street's hottest ETF hits $70B five times faster than S&P 500 and gold ETFs
Wall Street's hottest ETF hits $70B five times faster than S&P 500 and gold ETFs originally appeared on TheStreet. When the U.S. Securities and Exchange Commission approved the first spot Bitcoin ETFs back in January 2024, many doubted they'd move the needle. Less than 18 months later, BlackRock's iShares Bitcoin Trust (IBIT) has officially surpassed $70 billion in assets under management, making it the fastest-growing exchange-traded funds (ETFs) in history. It took IBIT just 341 trading days to hit this milestone. That's five times faster than the SPDR Gold Trust (GLD), which took 1,691 days to reach the same threshold. Even the S&P 500 ETF (VOO) needed 1,701 days to cross the $70 billion mark. According to daily net flows tracked by Farside Investors, across 11 Bitcoin spot ETFs from May 23 to June 11, IBIT alone brought in over 49,000 BTC worth of inflows, even as rivals like Grayscale's GBTC saw outflows of over 23,000 BTC in the same period. The net flows during this stretch total over 45,000 BTC, equivalent to roughly $5 billion in new exposure. On June 10 alone, IBIT saw another 336.7 BTC in inflows, a signal that institutional demand remains strong even as Bitcoin flirts with all-time highs near $110,000. The rise of Bitcoin ETFs has triggered what some analysts are calling the 'institutionalization of crypto.' Once regarded as a fringe asset class, Bitcoin is now included in wealth portfolios, pension funds, and even bank-backed investment products. BlackRock, Fidelity, and Franklin Templeton—all household names in finance—are now routinely managing crypto exposure for clients. The implications go beyond Bitcoin. Ethereum spot ETFs are currently being reviewed by the SEC, with a wave of filings from the likes of VanEck, ARK, and Invesco already in motion. Meanwhile, niche products are emerging: Ethereum staking ETFs, multi-asset crypto index funds, and even proposals for Solana, XRP, and other altcoin-based ETFs. The SEC's spot ETF approval was the final stamp of legitimacy, backed by trusted custodians, transparent pricing via CME and Coinbase benchmarks, and daily liquidity. Bitcoin is still volatile, macro conditions could shake investor confidence, and regulatory headwinds haven't disappeared. But for now, the flows are clear. Money is moving in. And fast. Wall Street's hottest ETF hits $70B five times faster than S&P 500 and gold ETFs first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.
Yahoo
11-06-2025
- Business
- Yahoo
Billionaires Buy a BlackRock ETF That Can Soar Up to 172% in 2025, According to Wall Street Experts
Ken Griffin and Steven Cohen, two of the most successful hedge fund managers in history, added to their positions in the iShares Bitcoin Trust in the first quarter. Several Wall Street pundits anticipate substantial upside in Bitcoin in the remaining months of 2025 due to growing institutional and government adoption. Bitcoin has declined 50% from a record high three times in the last five years, and investors should be prepared for similar volatility in the future. 10 stocks we like better than iShares Bitcoin Trust › Billionaires Ken Griffin and Steven Cohen rank among the 15 most successful hedge fund managers in history as measured by cumulative net gains, and both investors in the first quarter added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) issued by BlackRock. Neither hedge fund has a particularly large stake, but their willingness to buy the fund as Bitcoin (CRYPTO: BTC) declined in the first quarter is still consequential. It shows financial institutions are far more comfortable owning the cryptocurrency than they were even a few years ago, and that bodes well for Bitcoin holders. Indeed, Bitcoin currently trades at $110,000, but several Wall Street experts still anticipate huge gains in 2025. Here are some of the most optimistic forecasts: Geoff Kendrick of Standard Chartered expects Bitcoin to reach $200,000 this year. That implies 81% upside from its current price. Kendrick also believes Bitcoin can hit $500,000 in 2028. Peter Chun of Presto recently told CNBC Bitcoin could reach $210,000 this year. That implies 90% upside from its current price. Tom Lee of Fundstrat Advisors thinks Bitcoin can hit $250,000 this year. That implies 127% upside from its current price. Lee also believes Bitcoin can eventually reach $3 million. Josh Olszewicz of Canary Capital recently told Schwab Network Bitcoin can hit $300,000 this year. That implies 172% upside from its current price. Importantly, the Bitcoin forecasts above imply identical upside in the iShares Bitcoin Trust. Read on to learn about the trends that could drive its price higher in the remaining months of the year. Boston Consulting Group estimates institutional investors had $128 trillion in assets under management (AUM) last year. If even a small percentage of that total were allocated to Bitcoin, its price could rise substantially in the future. Spot Bitcoin ETFs have led to an uptick in institutional adoption since winning SEC approval in January 2024. That's partly because they eliminate friction and high fees associated with cryptocurrency exchanges, but also because they legitimize Bitcoin to some degree. Recently filed Forms 13F reveal two important trends concerning the iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, the two largest spot Bitcoin ETFs by AUM. Institutional capital invested in those spot Bitcoin ETFs nearly tripled during the past year to approach $16 billion in the first quarter. The number of large asset managers (i.e., those with at least $100 million in securities) with positions in those funds more than tripled during the past year. Institutional investors are likely to diversify further into cryptocurrency in the coming years, partly because the Trump administration has taken a favorable stance on the industry, but also because cryptocurrency is now a $3 trillion asset class they cannot afford to ignore. As institutional dollars flow into cryptocurrencies, Bitcoin has a distinct advantage because it is the largest, most liquid, and best known of the bunch, according to Bitwise CIO Matt Hougan. More than 150 public and private companies have added Bitcoin to their balance sheets, and many plan to add more. Most notably, Strategy (formerly known as MicroStrategy) has effectively turned itself into a Bitcoin investment vehicle. The company owns 582,000 BTC, purchased at an average price of $70,086, and plans to invest another $56 billion through 2027. Strategy Executive Chairman Michael Saylor believes Bitcoin will be a $200 trillion asset by 2045, which implies nearly 9,000% upside from its current market value of $2.2 trillion. So, Strategy has not hesitated to fund Bitcoin purchases by issuing debt and equity. Several companies inspired its success are making similar moves, including Mara and Semler Scientific. Meanwhile, two states -- Arizona and New Hampshire -- recently passed laws establishing strategic Bitcoin reserves, and more than a dozen others have introduce similar bills. Those state governments could become buyers of Bitcoin. JPMorgan Chase analysts wrote, "As the list grows, with other U.S. states potentially considering adding Bitcoin to their strategic reserves, this could turn into a more sustained positive catalyst for Bitcoin." Here's the big picture: Bitcoin has historically been volatile. In the last five years, it fell more than 25% from a record high seven times, and it fell more than 50% from a record high three times. But investors comfortable with type of volatility should consider buying a position in Bitcoin or a spot Bitcoin ETF. Personally, I doubt its price will reach $300,000 in 2025 -- even $200,000 seems like a stretch -- but those figures may be within reach over the next few years. Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,341!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $874,192!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, JPMorgan Chase, and Semler Scientific. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Billionaires Buy a BlackRock ETF That Can Soar Up to 172% in 2025, According to Wall Street Experts was originally published by The Motley Fool Sign in to access your portfolio
