BlackRock IBIT Bitcoin ETF achieves $70B AUM record
The post BlackRock IBIT Bitcoin ETF achieves $70B AUM record appeared on BitcoinEthereumNews.com. BlackRock’s spot Bitcoin exchange-traded fund has become the fastest ETF in history to surpass $70 billion in assets under management. “IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days,” ETF analyst Eric Balchunas said in a June 9 X post. IBIT could surpass Satoshi by the end of next summer Balchunas said the milestone was approximately five times faster than the previous record holder, SPDR Gold Shares (GLD), which took 1,691 trading days to reach $70 billion AUM. Source: Eric Balchunas IBIT, which is listed on the Nasdaq stock exchange, holds $71.9 billion AUM at the time of publication, according to its website. The firm’s holdings of 661,457 Bitcoin (BTC) makes it the largest institutional holder of Bitcoin ahead of crypto exchange Binance (629,190) and Michael Saylor’s Strategy (582,000). The largest holder of Bitcoin is still believed to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Analysts estimate that addresses linked to Nakamoto hold around 1.1 million BTC, accounting for approximately 5.2% of Bitcoin’s total supply of 21 million coins. IBIT has outperformed other spot Bitcoin ETFs However, Balchunas said on May 20 that BlackRock will likely surpass Nakamoto’s holdings “by the end of next summer.” IBIT shares are trading for $61.77 at the time of publication, up 5.30% over the past 5 days as Bitcoin reclaimed $110,000, according to Google Finance data. IBIT shares spiked 4.24% during the June 9 trading day. Source: Google Finance Since IBIT launched in the US in January 2024, it has outperformed the other 10 spot Bitcoin ETFs that launched on the same date, posting $48.7 billion in net inflows, according to Farside data. Most recently, on May 30, the IBIT ended its 31-day inflow streak with its largest daily outflow of $430.8 million. Bitcoin…
The post BlackRock IBIT Bitcoin ETF achieves $70B AUM record appeared on BitcoinEthereumNews.com.
BlackRock’s spot Bitcoin exchange-traded fund has become the fastest ETF in history to surpass $70 billion in assets under management. “IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days,” ETF analyst Eric Balchunas said in a June 9 X post. IBIT could surpass Satoshi by the end of next summer Balchunas said the milestone was approximately five times faster than the previous record holder, SPDR Gold Shares (GLD), which took 1,691 trading days to reach $70 billion AUM. Source: Eric Balchunas IBIT, which is listed on the Nasdaq stock exchange, holds $71.9 billion AUM at the time of publication, according to its website. The firm’s holdings of 661,457 Bitcoin (BTC) makes it the largest institutional holder of Bitcoin ahead of crypto exchange Binance (629,190) and Michael Saylor’s Strategy (582,000). The largest holder of Bitcoin is still believed to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Analysts estimate that addresses linked to Nakamoto hold around 1.1 million BTC, accounting for approximately 5.2% of Bitcoin’s total supply of 21 million coins. IBIT has outperformed other spot Bitcoin ETFs However, Balchunas said on May 20 that BlackRock will likely surpass Nakamoto’s holdings “by the end of next summer.” IBIT shares are trading for $61.77 at the time of publication, up 5.30% over the past 5 days as Bitcoin reclaimed $110,000, according to Google Finance data. IBIT shares spiked 4.24% during the June 9 trading day. Source: Google Finance Since IBIT launched in the US in January 2024, it has outperformed the other 10 spot Bitcoin ETFs that launched on the same date, posting $48.7 billion in net inflows, according to Farside data. Most recently, on May 30, the IBIT ended its 31-day inflow streak with its largest daily outflow of $430.8 million. Bitcoin…
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