BlackRock’s IBIT ETF could hit $100 billion in assets this month, driven by institutional flows and Bitcoin's rise.

As the U.S. government mulls over the future of crypto regulation during its self-proclaimed “crypto week,” investors are also looking toward a potentially bright future for cryptocurrencies — through their portfolios.

The iShares Bitcoin Trust also holds more Bitcoin than the 600,000 BTC currently owned by Michael Saylor’s Strategy (MSTR), which began its cryptocurrency purchases back in 2020. Fidelity’s spot Bitcoin ETF, by comparison, holds 203,000 Bitcoin, while Grayscale’s signature fund owns 184,000 BTC.

BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest ETF in history to surpass $80 billion in assets under management.

BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed 700,000 Bitcoin in holdings, marking a significant milestone for the spot Bitcoin exchange-traded fund.

Wall Street analysts are mostly bullish, with a median price target of $1,197.50, which would suggest a 14% return over the next 12 months. Given its leadership in ETFs and its pivot and expansion into new asset classes, a downturn like this seems like a great opportunity to consider a market leader like BlackRock.

Bitcoin achieved a new milestone on July 14, reaching $120,000 on Coinbase at 2:47 am UTC. The cryptocurrency extended its July rally with a 13% gain for the month.

The firm’s strongest inflows were across its bond ETFs, which counted just under $44bn of additions in the period. BlackRock’s crypto and digital asset ETFs also reported $14bn of inflows, as investors push bitcoin and other cryptocurrencies to record highs.

BlackRock has been accumulating its bitcoin stash on behalf of clients and investors via its exchange traded fund. Along with the other Bitcoin ETF issuers, the total amount invested via the funds ...