The Blackrock’s Fund of Bitcoin exchange-traded spot has become the fastest ETF in history to surpass $ 70 billion in assets under management.
“Ibit just crashed at $ 70B and now the fastest ETF has ever been that mark in just 341 days,” ETF analyst Eric Balchunas Says In a post of June 9 x.
Ibit may overcome Satoshi by the end of the next tag -in
Balchunas said the milestone was approximately five times faster than the previous record holder, the SPDR Gold Shares (GLD), which lasted 1,691 days of trading to reach the $ 70 billion Aum.
Ibit, listed in the NASDAQ Stock Exchange, holds $ 71.9 billion Aum at the time of publication, According to on its website. The firm holds 661,457 bitcoin (Btc) Makes the largest -owned institutional holder of Bitcoin leading the crypto exchange Binance (629,190) and approach by Michael Saylor (582,000).
Bitcoin’s biggest holder is still believed to be the pseudonymous creator of Bitcoin Satoshi Nakamoto. Analysts estimated that the addresses were linked to Nakamoto holding around 1.1 million BTC, costing more than 5.2% of The total supply of bitcoin 21 million coins.
Ibit has already —outperformed the other areas Bitcoin ETF
However, the balchunas Says On May 20, Blackrock is likely to surpass Nakamoto’s handles “at the end of the next day.”
Ibit’s sharing is trade For $ 61.77 at the time of publication, up to 5.30% in the past 5 days while Bitcoin revoked $ 110,000, according to Google Finance data.
Since Ibit launched the US in January 2024, it released the other 10 spots Bitcoin ETF launched on the same date, posting $ 48.7 billion on net inflows, According to to the data away.
Most recently, on May 30, Ibit ended its 31-day flow Streak along the biggest day -day Pouring $ 430.8 million.
Bitcoin Ogs is not all against ETF adopting
In April, Ibit is awarded The “Best New ETF” at the annual ETF.com ETF Awards. It will also receive the crypto ETP of the year.
Related: Bitcoin ETF ends Blackrock’s 31-day outflow with the greatest flow ever
Although some Bitcoiners have argued that widespread institutional adoption disrupts the original purpose of Bitcoin, many of the earliest advocates do not agree.
Blockstream CEO Adam is back recently Cointelegraph’s magazine said, “You need to have some sympathy for people who want to buy Bitcoin, but they don’t know how to do it, and it’s too complicated.”
There are limits to his tolerance, though. “You also don’t really want 90% of it to ETFs or something because it can start to be a problem.”
Magazine: Baby Boomers worth $ 79t finally riding with Bitcoin
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
