BlackRock Bitcoin ETF has officially become the fastest ETF in history to reach $80 billion in assets under management. The Fund’s growth has been rapid and consistent since its launch, hitting several milestones since its launch last year.
BlackRock Bitcoin ETF is now the 21st-largest ETF in the world. This achievement is not only due to the inflow of capital, but also due to the rise in the BTC price. The Fund’s total performance is boosted by its underlying BTC exposure, which now represents 3.55% of all circulating Bitcoin.
Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted the ETF’s historic rise on X, noting that the Fund achieved this milestone approximately five times faster than any ETF before it. He also stated that the total assets under management for all spot Bitcoin ETFs have passed $140 billion for the first time ever.