BlackRock's iShares Bitcoin Trust ETF (IBIT) has surpassed $30 billion in assets under management, making it the fastest-growing ETF in history.
IBIT reached this milestone in just 293 days, setting a new record surpassing other popular ETFs like JPMorgan Equity Premium Income ETF and major Gold ETFs.
The fund currently holds over 417,000 Bitcoin, representing about 2% of the total Bitcoin supply.
The success of BlackRock's ETF reflects the surge in institutional demand for Bitcoin, with other leading funds also experiencing strong inflows.