BlackRock’s Bitcoin ETF Reaches $70 Billion AUM in Record Time

Blackrock has achieved a landmark milestone with its iShares Bitcoin Trust (IBIT) rapidly accumulating $70 billion in assets under management, becoming the fastest ETF to reach this mark within just 341 trading days. This rapid growth underscores increasing institutional interest in Bitcoin and significantly impacts market price dynamics. The success of IBIT positions it as a leading spot Bitcoin ETF, challenging traditional financial systems.