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Bitsky000

06/10 04:17

BlackRock’s Bitcoin fund blows past $70B in record

BlackRock’s Bitcoin fund blows past $70B in record pace for ETFs188ab31c494a4235a7dd4ccd9f9a71d7.jpeg

BlackRock’s spot Bitcoin exchange-traded fund has become the fastest ETF in history to surpass $70 billion in assets under management.

“IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days,” ETF analyst Eric Balchunas said in a June 9 X post. 

IBIT could surpass Satoshi by the end of next summer

Balchunas said the milestone was approximately five times faster than the previous record holder, SPDR Gold Shares (GLD), which took 1,691 trading days to reach $70 billion AUM.........019757d5-e482-73bd-a157-d15b394d6769.png


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