🚀 Bitcoin enthusiasts, rejoice! BlackRock's iShares Bitcoin Trust (IBIT) is smashing records left and right! Since its launch in January 2024, IBIT's assets under management (AUM) have skyrocketed to $58.57 billion, nearly doubling the 20-year AUM of BlackRock's gold ETF in less than a year. 🌟
IBIT is not just breaking records; it's setting new standards. It became the fastest ETF to hit $50 billion in AUM, achieving this feat in just 228 days, a record previously held by BlackRock's IEFA which took 1,329 days. 📈
Fueled by Bitcoin's price surge past $100,000, IBIT's growth highlights the increasing confidence in BTC's potential. Keep an eye on this trailblazer! 💪