BlackRock Bitcoin ETF sets massive standard! Good news for BTC?

AMB Crypto 10 months ago 461

BlackRock’s Bitcoin ETF is now the fastest-growing fund, surpassing $50 billion AUM in 11 months.
Bitcoin’s price surpasses $100K as BlackRock’s ETF attracts institutional investors and dominates the market.

BlackRock Inc’s iShares Bitcoin Trust (IBIT) has set a new standard in the exchange-traded fund (ETF) industry.

Launched in January 2024, the fund achieved $50 billion in assets under management (AUM) within 11 months.

Meanwhile, this growth has made it the fastest-growing ETF of all time, surpassing records across all asset classes, according to Bloomberg.

Blackrock Bitcoin ETF breaks records

The iShares Bitcoin Trust has reached milestones at a pace no ETF has matched before.

Todd Sohn, managing director of ETF and technical strategy at Strategas Securities, noted that IBIT’s asset size now equals the combined AUM of over 50 long-established European ETFs.

Nate Geraci, president of The ETF Store,

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