#BTCBreaksATH BlackRock drives historic records in Bitcoin as Ethereum consolidates its dominance.
$BTC 💥✨💥✨💥✨💥
#ETHBreaks3k The iShares Bitcoin Trust (IBIT), BlackRock's exchange-traded fund, has made history by becoming the fastest ETF to surpass $80 billion in assets under management. It achieved this in just 374 days, compared to the 1,814 days it took the Vanguard S&P 500 ETF (VOO), the previous record holder, according to Bloomberg data.
#ShariaEarn This milestone coincides with a new surge in the price of BTC, which has propelled all spot Bitcoin ETFs to surpass, for the first time, $140 billion in managed assets. Just on Thursday, inflows of $1.18 billion were recorded, the second-highest figure in a single day since the launch of these funds in January 2024.
"Institutional demand continues to grow," said Min Jung, an analyst at Presto Research. "More companies are integrating Bitcoin into their investment strategy, which, combined with easier access through ETFs, is pushing the crypto asset to new records".