BlackRock’s IBIT ETF Fastest in History to Reach $80B AUM
The post BlackRock’s IBIT ETF Fastest in History to Reach $80B AUM appeared on BitcoinEthereumNews.com. We discuss BlackRock’s IBIT ETF, after becoming the fastest growing in history with $80B AUM in 374 days and how this can fuel Bitcoin Hyper. BlackRock’s IBIT trust became the fastest ETF in history to collect $80B in Assets Under Management (AUM), in just 374 days. The achievement blew IEFA’s and IEMG’s previous records of 2,034 and 2,089 days respectively out of the water. According to SoSoValue data, IBIT took in $418M in inflows on July 10-only, with a 24-hour trading volume of over $5.39B, showcasing growing investor interest. IBIT’s new record is even more impressive, considering that, as highlighted by Bloomberg analyst Eric Balchunas, the value of the total assets across all Bitcoin ETFs is over $140B. IBIT to Match Satoshi Nakamoto’s 1M $BTC Holdings by 2026 BlackRock currently holds little over 700K Bitcoins, valued at more than $88B. This puts it on track to exceed Satoshi Nakamoto’s 1M $BTC holdings by 2026, provided the current accumulation rate continues. Min Jung, research analyst at Presto Research, believes that to be the case, given the pro-crypto context and more companies adopting Strategy’s strategy: The recent surge in inflows to spot bitcoin ETFs appears driven by renewed expectations of U.S. interest rate cuts and increased institutional appetite. We’re seeing more companies, following Strategy’s lead, incorporate bitcoin into their strategic asset allocation. This broadening base of demand, combined with improved institutional accessibility since the ETF approvals, has helped propel bitcoin toward new all-time highs. —Min Jung, The Block interview For context Michael Saylor’s Strategy currently owns 597,325 $BTC and it plans to raise another $4.2B to fuel its Bitcoin reserves. Moreover, data from KeyRock highlights that Strategy’s BTC per Share has grown by around 11x since inception, with a CAGR of 64.6%. At the same time, Bitcoin treasury companies have collectively raised…
The post BlackRock’s IBIT ETF Fastest in History to Reach $80B AUM appeared on BitcoinEthereumNews.com.
We discuss BlackRock’s IBIT ETF, after becoming the fastest growing in history with $80B AUM in 374 days and how this can fuel Bitcoin Hyper. BlackRock’s IBIT trust became the fastest ETF in history to collect $80B in Assets Under Management (AUM), in just 374 days. The achievement blew IEFA’s and IEMG’s previous records of 2,034 and 2,089 days respectively out of the water. According to SoSoValue data, IBIT took in $418M in inflows on July 10-only, with a 24-hour trading volume of over $5.39B, showcasing growing investor interest. IBIT’s new record is even more impressive, considering that, as highlighted by Bloomberg analyst Eric Balchunas, the value of the total assets across all Bitcoin ETFs is over $140B. IBIT to Match Satoshi Nakamoto’s 1M $BTC Holdings by 2026 BlackRock currently holds little over 700K Bitcoins, valued at more than $88B. This puts it on track to exceed Satoshi Nakamoto’s 1M $BTC holdings by 2026, provided the current accumulation rate continues. Min Jung, research analyst at Presto Research, believes that to be the case, given the pro-crypto context and more companies adopting Strategy’s strategy: The recent surge in inflows to spot bitcoin ETFs appears driven by renewed expectations of U.S. interest rate cuts and increased institutional appetite. We’re seeing more companies, following Strategy’s lead, incorporate bitcoin into their strategic asset allocation. This broadening base of demand, combined with improved institutional accessibility since the ETF approvals, has helped propel bitcoin toward new all-time highs. —Min Jung, The Block interview For context Michael Saylor’s Strategy currently owns 597,325 $BTC and it plans to raise another $4.2B to fuel its Bitcoin reserves. Moreover, data from KeyRock highlights that Strategy’s BTC per Share has grown by around 11x since inception, with a CAGR of 64.6%. At the same time, Bitcoin treasury companies have collectively raised…
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