BlackRock’s Bitcoin ETF Hits $100B in AUM, Setting Record Inflows

BlackRock’s Bitcoin Investment Trust (IBIT) has seen record-breaking growth and inflows, approaching $100 billion in assets under management. This significant milestone positions BlackRock as a leader in the cryptocurrency market. The influx of investors into IBIT is fueled by strong institutional interest and increasing confidence in cryptocurrencies, potentially boosting Bitcoin’s value and driving greater liquidity within the space.