BlackRock’s iShares Bitcoin Trust Reaches $100 Billion AUM Milestone

BlackRock’s iShares Bitcoin Trust (IBIT) has recently achieved a significant milestone, nearing $100 billion in assets under management (AUM). This achievement marks a turning point for Bitcoin as the trust becomes Blackrock’s most profitable ETF and signifies a growing trend of institutional adoption in the cryptocurrency market. IBIT’s rapid growth is driven by increasing demand from institutional investors and reflects the rising interest in Bitcoin-related products, particularly following SEC approval of several spot Bitcoin ETFs like IBIT. This influx has contributed to substantial increases in Bitcoin’s market value and velocity.