When the U.S. Securities and Exchange Commission approved the first spot Bitcoin ETFs back in January 2024, many doubted they’d move the needle.
Less than 18 months later, BlackRock’s iShares Bitcoin Trust (IBIT) has officially surpassed $70 billion in assets under management, making it the fastest-growing exchange-traded funds (ETFs) in history.
It took IBIT just 341 trading days to hit this milestone. That’s five times faster than the SPDR Gold Trust (GLD), which took 1,691 days to reach the same threshold. Even the S&P 500 ETF (VOO) needed 1,701 days to cross the $70 billion mark.$BTC
Less than 18 months later, BlackRock’s iShares Bitcoin Trust (IBIT) has officially surpassed $70 billion in assets under management, making it the fastest-growing exchange-traded funds (ETFs) in history.
It took IBIT just 341 trading days to hit this milestone. That’s five times faster than the SPDR Gold Trust (GLD), which took 1,691 days to reach the same threshold. Even the S&P 500 ETF (VOO) needed 1,701 days to cross the $70 billion mark.$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,159.08
-1.19%