BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days
BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October BlackRock is now in the top 1% of all ETFs by assets and is bigger than all the ETFs launched in the past 10 years BlackRock has done it again. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in net assets in 211 days. News of the milestone comes two weeks after BlackRock reached $30 billion in net assets in 293 days at the end of October. Posting on X in October, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.” With BlackRock’s new achievement, it’s surpassed the previous record of 1,253 days he...