## BlackRock's IBIT ETF on Track for Record Growth BlackRock's IBIT, a spot Bitcoin ETF, is rapidly approaching a significant milestone. According to Bloomberg Senior ETF Analyst Eric Balchunas, the fund has already exceeded $88 billion in Assets Under Management (AUM). ## IBIT's Explosive Growth Since Launch Since its launch in January 2024, IBIT has experienced unprecedented growth. Balchunas initially projected that reaching $100 billion in AUM was feasible by summer. However, at the current rate of accumulation, this target could be achieved this month. ## Top-Ranking ETF in Record Time IBIT's remarkable performance has propelled it to become the 20th largest ETF in the entire US market and the 7th largest within BlackRock's extensive ETF portfolio. This meteoric rise highlights the increasing investor demand for Bitcoin exposure through regulated investment vehicles. The fund's success is a testament to BlackRock's brand recognition and the growing acceptance of cryptocurrency as an asset class. ```

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