BlackRock’s Bitcoin ETF Surpasses $70 Billion in Assets

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has broken records, becoming the fastest to reach $70 billion in assets under management. The achievement marks a five times faster than the previous record holder, SPDR Gold Shares, which took 1,691 trading days to hit that milestone. Analyst Eric Balchunas highlighted this impressive speed, noting that IBIT reached $70 billion within just 341 days of launching.