BlackRock's iShares Bitcoin Trust (IBIT) has nearly doubled the assets under management (AUM) of BlackRock's iShares Gold Trust (IAU) in less than a year.
IBIT has achieved a milestone of $58.57 billion AUM, while IAU took 20 years to reach $33 billion AUM.
IBIT became the fastest ETF to reach $50 billion AUM, achieving the feat in 228 days, compared to the previous record of 1,329 days.
Driven by increasing Bitcoin price, IBIT has surpassed numerous milestones and holds the largest spot Bitcoin ETF trading volume, AUM, and market cap.