BlackRock’s iShares Bitcoin Trust (IBIT) is on the brink of reaching $20 billion in assets under management, positioning it within the top 3% of Bitcoin ETFs.
Surpassing well-established funds like the iShares MSCI Emerging Markets ETF and the VanEck Semiconductor ETF, IBIT achieved the $10 billion milestone in just seven weeks, setting a new record previously held by GLD.
This success reflects the growing institutional acceptance of Bitcoin, with Citadel, UBS, and Goldman Sachs participating in IBIT’s prospectus.
Notably, IBIT’s trading volume exceeded $1 billion on Monday, surpassing competitors like Fidelity’s FBTC and Bitwise’s BITB.
Currently ranked 88th by total assets, IBIT’s rise underscores a broader trend of institutional interest in cryptocurrency, contrasting with traditional ETF leaders like the SPDR S&P 500 ETF.
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