BlackRock's IBIT has reached $70 billion in record time, surpassing every ETF in history.
IBIT's achievement far exceeds the asset accumulation speed of major ETFs like VOO, IEFA, GLD, and IEMG.
This milestone showcases the institutional rush into digital assets with 12 approved spot Bitcoin ETFs in the U.S. holding a combined AUM of nearly $125 billion.
The rapid growth of IBIT not only reflects investor demand for Bitcoin exposure but also highlights BlackRock's dominance in ETF distribution and the increasing popularity of BTC-based financial products.