BlackRock’s Bitcoin ETF Surpasses $100B in AUM, Marking Institutional Milestone

BlackRock’s Bitcoin Exchange-Traded Fund (ETF) has hit a major milestone, surpassing $100 billion in assets under management (AUM). This achievement comes on the heels of increased profits and surging Bitcoin prices above $90,000. The ETF’s success signals significant institutional interest in cryptocurrency, impacting market sentiment and solidifying Bitcoin’s place within traditional financial products.