BlackRock’s IBIT ETF (Exchange-Traded Fund) is turning its head amidst sustainable growth in net worth, with analysts saying it could reach $100 billion this month.
The financial instrument was recently passed as Asset Manager’s most profitable ETF, driving more revenue than BlackRock’s S&P 500 fund.
Will BlackRock’s IBIT be able to reach $100 billion in assets in July? Analysts say yes
ETF analyst Eric Baltunas said BlackRock’s IBIT ETF could reach a net worth of $100 billion in July. Optimism comes even in a consistent positive flow to financial products as institutional investors seek indirect exposure to BTC via IBIT.
“Last week, IBIT wrote that it could reach $100 billion this summer, but hell could become hell this month.
In fact, data on the Sosovalue of crypto investment research tools supports this outlook, indicating the sustained growth of the daily volume of BlackRock’s IBIT ETF.
As of July 14th, IBIT’s net worth was $859.6 billion after a positive flow continued for each trading day since June 9th.
Cases of negative flows or outflows are also being isolated, and there is nothing in July. Add credit to Balchunas’ assumption that IBIT net asset value could reach $100 billion this month.
Meanwhile, the report shows IBIT is BlackRock’s most profitable ETF. More closely, it is the fastest financial product for asset manager growth metrics After violating $80 billion. It hit this milestone on July 11th, just 374 days after its release..
Beyond net assets, BlackRock’s IBIT is also the largest ETF in revenue metrics, surpassing the asset manager S&P 500 ETF (IVV) to generate $186 million per year. A noticeable reduction in IBIT volatility highlights this traction, making it almost as stable as the S&P 500.
Furthermore, it is impossible to separate IBIT growth from the sudden rise in Bitcoin, with the two assets enjoying a symbiotic relationship. Meanwhile, IBIT provides indirect access to Bitcoin through regulated vehicles to institutional investors, leading to a surge in BTC prices.
Meanwhile, Bitcoin price growth directly benefits the net worth of asset managers as IBIT values rise in ties.
This will attract more investors’ interest, increase BlackRock’s assets managed (AUM), and therefore incur more fees. As profitability increases, so does dominance in the Bitcoin ETF race.
BlackRock buys $386 million worth of Bitcoin
Elsewhere, BlackRock added a Bitcoin stockpile to acquire 3,294 BTC for $386 million.
Asset Manager currently holds 717,388 BTC tokens, with an estimated value of $83,86 billion.
Against the backdrop of BlackRock’s Bitcoin accumulation, the asset manager is steadily approaching Nakamoto’s BTC stash, which is estimated to be 1.1 million BTC.
In the current clip, BlackRock’s IBIT is over 65% with gobbling of about 40,000 BTC per month or about 1,300 BTC daily.
According to Balchunas, BlackRock, which continues to do so, could see IBIT ETF surpass Satoshi by May 2026, just two years after its launch.
“…IBIT hit 40k BTC (or 1 day/day) a month at a pace in May 2026 to 1.2m (not bad for a two-year-old toddler),” Balchunas said.
However, for now, due to its rapid growth, IBIT is the youngest member of the top 25 global ETFs by its managed assets. This is not an average feat given that IBIT was founded 2 years ago or 1.6 years after starting trading.
Alongside Bitcoin, BlackRock is ramping up on Ethereum (ETH), with the latest purchase being shown at 50,970.08 ETH, worth $150 million.
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