#USCryptoWeek
BlackRock's Bitcoin ETF surpasses USD 80 billion in just 374 days.
$BTC ✨✨✨✨✨🔸💥💥
#TradingStrategyMistakes IBIT, BlackRock's ETF, not only becomes the fastest ETF to reach and exceed USD 80 billion in assets under management. It also reflects institutional adoption of Bitcoin through regulated means and a significant shift for the industry. At the same time, this trend is driven by the demand for diversification and the consolidation of BTC as a store of value.
On the other hand, the achievement shows how products like IBIT are changing the role of cryptocurrencies in traditional portfolios.
🔸A historic record that marks a before and after.✨✨✨✨
BlackRock's iShares Bitcoin Trust (IBIT) surpassed USD 80 billion in assets under management (AUM) in just 374 days. This made it the fastest ETF to achieve that milestone in the entire history of the global financial industry.
This milestone not only breaks the previous record of Vanguard's VOO ETF, which took more than 1,800 days to reach the same level, but also reaffirms the growing institutional interest in the cryptocurrency market.
IBIT is already ranked 21st among the largest ETFs in the world, according to Eric Balchunas, senior ETF analyst at Bloomberg. This is an unprecedented achievement for a product that only invests in Bitcoin and validates the thesis that cryptocurrencies can be successfully integrated into traditional portfolios.