BlackRock's spot Bitcoin ETF, IBIT, has achieved a remarkable 76% return over the past year, despite a recent $19 billion crypto market flash crash. Bloomberg Intelligence ETF analyst Eric Balchunas described the performance as 'utopia-esque,' highlighting a 37% increase in the past six months. On October 10, IBIT's price fell over 3% following the announcement of 100% tariffs on China's exports by President Trump. As of October 10, IBIT managed $99.5 billion in assets, approaching the $100 billion mark. The ETF has attracted $65.26 billion in cumulative inflows since its inception, significantly outperforming other U.S. spot Bitcoin ETFs, including Fidelity's FBTC. Balchunas advised investors to focus on long-term gains rather than short-term market volatility.