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BlackRock's IBIT Spot Bitcoin ETF Reaches $70 Billion AUM
- BlackRock's iShares Bitcoin Trust ETF surpassed $70 billion in total funds on June 6, becoming the quickest ETF ever to achieve this scale, reaching the milestone in just 341 trading days.
- This milestone followed IBIT's launch about 11 months earlier and beat the previous record by reaching $70 billion five times faster than the SPDR Gold Shares ETF.
- IBIT's rapid growth results from consistent inflows driven mainly by institutional investors and benefits such as low costs, liquidity, and standardized custody solutions.
- Bloomberg analyst Eric Balchunas noted on X that IBIT had a 34-day inflow streak and highlighted it as a testament to convenience and trust in the ETF structure.
- This growth signals wider institutional adoption of digital assets and may influence Bitcoin's market liquidity, pricing, and regulatory landscape going forward.
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41 Articles
BlackRock and its look at the future The asset management giant, BlackRock, is preparing for his investor day this Thursday, a crucial event that promises to reveal the firm's strategic priorities and its growing interest in private markets. According to sources, BlackRock manages the staggering $11.58 billion at the end of the first quarter, reaffirming its position as a world leader in the financial industry.
BlackRock’s IBIT Becomes Fastest-Ever ETF to Top $70B
BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest exchange-traded fund to surpass $70 billion in assets under management, reaching the milestone in just 341 trading days since its launch in early 2024. IBIT’s pace of asset growth is five times faster than that of the previous record holder, the SPDR Gold Shares ETF, which took 1,691 trading days to reach that level. This story is an excerpt from the Unchained Daily newsletter. To…
Best Crypto to Buy as BlackRock’s Bitcoin Fund Surpasses $70B
BlackRock’s IBIT ETF has crossed the $70 billion in assets under management threshold following a 31-day inflow streak. “$IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days,” wrote Bloomberg’s ETF analyst Eric Balchunas on X. He also highlighted that it did this 5 times […] The post Best Crypto to Buy as BlackRock’s Bitcoin Fund Surpasses $70B appeared first on Modern Diplomacy.
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