BlackRock’s Bitcoin ETF Surpasses $70 Billion AUM, Fastest to Ever Hit Milestone

BlackRock’s iShares Bitcoin Trust (IBIT) has shattered records, becoming the fastest exchange-traded fund in history to surpass $70 billion in assets under management. According to Bloomberg ETF analyst Eric Balchunas, IBIT reached this milestone in just 341 days, five times faster than the previous record of 1,691 days set by the SPDR Gold Shares ETF. This incredible achievement highlights the surging popularity of Bitcoin ETFs within the institutional sphere.