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BlackRock’s iShares Bitcoin Trust Shatters ETF Growth Record, Surpassing $70 Billion in Just 341 Days

  • BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed $70 billion in assets under management (AUM) in just 341 days, making it the fastest ETF to ever achieve this milestone.
  • This growth milestone of IBIT surpasses the previous record set by SPDR Gold Shares (GLD) that took 1,691 days to reach $70 billion AUM.
  • The surge in IBIT’s AUM aligns with Bitcoin’s price rally, with Bitcoin trading above $108,000 at the time of reporting.
  • BlackRock's strategic accumulation of over 663,000 bitcoins positions it as a leader in institutional Bitcoin investments, reflecting the broader institutional acceptance of Bitcoin as a legitimate asset class.

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