BlackRock’s IBIT ETF Sets New Record, Breaking Past $72 Billion

BlackRock’s Bitcoin Exchange-Traded Fund (ETF), known as IBIT, has achieved a significant milestone, surpassing $72 billion in assets under management. This surge marks a record for the fund, which recently bolstered its Bitcoin reserves by acquiring an additional 3,005 BTC, raising its total holdings to 662,571 BTC. This acquisition represents a market value of approximately $336 million. The ETF’s unit price has also soared to a new peak of $63 USD, contributing to the fund’s explosive growth in just 341 days of operation.