BlackRock’s iShares Bitcoin Trust Surpasses $70 Billion in AUM
BlackRock’s iShares Bitcoin Trust (IBIT) has exceeded $70 billion in assets under management (AUM), becoming the fastest ETF to reach this milestone. Key points include:
- Launched in January 2024, IBIT has shown consistent daily inflows.
- It has outpaced all other ETFs in capital attraction, surpassing established funds like SPDR Gold Shares (GLD).
- The ETF recorded $274 million in net inflows in one day, reflecting renewed investor confidence after previous outflows.
- Both retail and institutional investors are contributing to its growth.
- IBIT's performance indicates a shift in traditional finance towards crypto investments.