IBIT average investors went from earning 30% to losing 40%. That roller coaster ride was quite thrilling — the first lesson from mainstream capital is indeed brutal.

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.