BlackRock’s Bitcoin ETF Surpasses $70 Billion in Assets, Becoming Fastest of its Kind

BlackRock’s iShares Bitcoin Trust (IBIT) has achieved a significant milestone, surpassing the $70 billion mark in assets under management (AUM). This remarkable achievement makes IBIT the fastest exchange-traded fund (ETF) to reach this benchmark, taking just 341 days to do so—five times faster than the previous record held by the SPDR Gold Shares ETF. According to data from Bloomberg ETF analyst Eric Balchunas, this speed is unprecedented in the ETF industry.