BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin exchange-traded fund on the market, has attracted $70 billion in total assets more quickly than any other ETF, adding a new milestone to its long list of accomplishments.
BlackRock’s IBIT, the most popular of 12 available Bitcoin ETFs, set the record on Monday, 341 days after its debut, according to Bloomberg analyst Eric Balchunas. IBIT reached that mark “5x faster than the old record held by GLD of 1,691 days,” Balchunas wrote on X, referring to asset manager State Street’s famous gold ETF.
