<ul data-eligibleForWebStory="false"><li>BlackRock's Bitcoin ETF, IBIT, has seen a surge in assets under management (AUM) to $76 billion, marking a new institutional peak.</li><li>The Kobeissi Letter reports that IBIT's AUM has tripled over the past 200 trading days, showcasing growing institutional acceptance in the cryptocurrency industry.</li><li>IBIT's Bitcoin holdings have exceeded 700,000 BTC for the first time, surpassing MicroStrategy's holdings by 100,000 BTC.</li><li>Despite capital inflows into ETFs, a trend shows institutional investors are more inclined to acquire Bitcoin directly, with public businesses outpacing ETF purchases, according to crypto expert Lark Davis.</li></ul>

Bitcoin ETF IBIT Sees Surge In AUM, Marking New Institutional Peak

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