BlackRock’s IBIT Bitcoin ETF Soared 76% Despite Crypto Flash Crash

BlackRock’s Bitcoin ETF (exchange-traded fund) IBIT is showing “utopia-like” returns even after the sudden crash of the $19 billion crypto market.

That’s according to Bloomberg Intelligence ETF analyst Eric Balchunas, who noted the figures Despite the recent slump, the fund is up 76% over the past year. It is also up 37% in the past six months.

According to data from Google Finance, the price of IBIT fell more than 3% on October 10 and another 3% in after-hours trading in response to US President Donald Trump’s announcement of additional 100% tariffs on Chinese exports.

IBIT price (Source: Google Finance)

Investors need to “zoom out” to see IBIT’s true performance

IBIT is designed to track the price of the leading crypto, Bitcoin (BTC), while providing investors with a regulated way to purchase the digital asset.

Commenting on IBIT’s performance since its inception last year, Balchunas said the fund has shown excellent returns.

He criticized investors for all the “fear and whining” surrounding the ETF’s performance following the latest crypto market correction that wiped out more than $19 billion in trades within hours.

During that correction, Bitcoin plummeted below the $120,000 mark and is trading at $111,338.31 at 12:32 PM EST, CoinMarketCap facts shows. Like IBIT, BTC has risen more than 77% in the past year.

$IBIT’s one-year return is still 84% after the pullback. So much fear and whining about what is a utopia-like return. Daily price charts are the media’s best friend, but an investor’s worst enemy. Zoom out. pic.twitter.com/YH6xqUKux8

— Eric Balchunas (@EricBalchunas) October 11, 2025

“Daily charts are the media’s best friend, but an investor’s worst enemy,” Balchunas said, before telling his more than 370.8k followers to “zoom out” when looking at the fund’s performance to see the bigger picture.

IBIT closed the $100 billion mark in assets under management with approximately $99.5 billion in funds before the sudden crash.

“It’s still an inevitable milestone, but how close it came,” Balchunas wrote. “Two steps forward, one step back in fact.”

IBIT pulls in capital as other US spot Bitcoin ETFs hemorrhaged on Friday

IBIT is the Bitcoin ETF of choice for US investors and has seen the bulk of cumulative inflows since the funds hit the market last year.

Data from Farside Investors shows that IBIT has seen cumulative inflows of $65.260 billion as of October 10, with Bitcoin’s valuation adding approximately $34 billion to the ETF’s assets under management. The second largest is Fidelity’s FBTC, which has seen cumulative inflows of $12.714 billion.

US Spot Bitcoin ETF Flows (Source: Farside Investors)

IBIT also has a nine-day intake. This is after the investment product raked in another $74.2 million on Friday, while the other funds recorded outflows or no new flows that day.

Since September 30, IBIT has added more than $4.4 billion to its reserves. The best day during this period was on October 6, when investors added $970 million to the product’s reserves.

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