A $44.4 billion scale, a 30% floating profit turned into a 40% deep drawdown in the blink of an eye—BlackRock’s ETF gave new “greenhorns” in the crypto market a vivid lesson in risk: institutional backing doesn’t mean guaranteed gains; the timing of your entry is what really matters.

Wu learned that Nate Geraci, President of ETF Store, cited Bloomberg reports stating that IBIT's asset scale once reached $44.4 billion. After its launch in 2024, it rapidly accumulated funds, with average investors recording a 30% gain by mid-2025. However, due to the recent significant pullback in Bitcoin prices, investors as a whole are now deeply underwater. According to data from Bespoke Investment Group, the average investor in BlackRock's spot Bitcoin ETF (IBIT) is currently experiencing a loss of approximately 40%. Nate Geraci believes this has been a brutal entry experience for mainstream Bitcoin investors.