BlackRock's iShares Bitcoin Trust (IBIT) has made history by being the fastest ETF to surpass $70 billion in assets under management (AUM), achieving this milestone in just 341 trading days. In comparison, the previous record-holder, SPDR Gold Shares (GLD), took 1,691 days. This rapid growth coincides with Bitcoin's own rally, with BTC trading above $108,000. BlackRock's strategy positioned it as a leader in institutional Bitcoin investment, currently holding more bitcoin than MicroStrategy. The speed of IBIT's growth highlights the rising demand for regulated Bitcoin investment products among institutional investors, signaling a major shift in the financial landscape.
BlackRock's iShares Bitcoin Trust became the fastest ETF to reach $70 billion in assets under management in just 341 trading days.
The explosive rise of IBIT's AUM aligns with Bitcoin's ongoing price rally, showcasing broader institutional acceptance of Bitcoin as a preferred asset.
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