BlackRock's Bitcoin Fund Surpassed 70 Billion Dollars and Set an ETF Record

The milestone of BlackRock's Bitcoin ETF came shortly after the fund closed a massive 31-day streak of inflows. BlackRock's spot Bitcoin exchange-traded fund (ETF) has become the fastest ETF in history to surpass 70 billion dollars in assets under management.

"IBIT has just surpassed 70 billion dollars and is now the fastest ETF to reach that mark in just 341 days," said ETF analyst Eric Balchunas in a post on X on June 9.

IBIT could surpass Satoshi by the end of next summer

Balchunas said that the milestone was approximately five times faster than the previous record holder, SPDR Gold Shares (GLD), which took 1,691 trading days to reach 70 billion dollars in assets under management.