BlackRock’s IBIT Breaks Record for Fastest-Growing Bitcoin ETF

BlackRock’s spot Bitcoin ETF, IBIT, has achieved a significant milestone in the world of finance. In just over a year since its launch, this innovative fund has amassed a staggering $70 billion in assets under management (AUM). According to Bloomberg ETF analyst Eric Balchunas, who shared the data on X (formerly Twitter), IBIT reached this impressive AUM total within a mere 341 days from inception. This achievement makes it the fastest-growing ETF ever recorded in that time frame. ]