BlackRock's bitcoin exchange-traded fund (ETF) known as IBIT has achieved unprecedented growth, surpassing $50 billion in assets and becoming the fastest ETF to reach this milestone.
BlackRock's embrace of bitcoin ETFs has played a significant role in pushing the cryptocurrency's price above $100,000 for the first time.
The approval of bitcoin ETFs by the Securities and Exchange Commission has been seen as a turning point for the cryptocurrency sector, opening it up to a broader range of investors.
The year 2021 has been monumental for cryptocurrency, characterized by regulatory clarity, technological advancements, and increasing institutional interest.