$BTC $ETH $DOGE BlackRock's Bitcoin ETF Surpasses $40 Billion in Assets and Continues to Break Records

BlackRock's Bitcoin ETF, IBIT, is now worth $42.56 billion in total assets. It achieved this milestone in one-sixth the time of any other ETF, an impressive record for speed of growth.

BlackRock has also been buying BTC at an accelerated pace, with nearly 9,000 in the past 24 hours.

BlackRock Continues to Break Records Thanks to Bitcoin ETF

According to new data from Bloomberg analyst Eric Balchunas, BlackRock's Bitcoin ETF is now worth over $40 billion in total assets. This puts it in the top 1% of ETFs by AUM, but more importantly, it also outperforms other ETFs in speed.

The second-fastest ETF to reach $40 billion did so in 1,253 days, just slightly faster than the third-place finisher. IBIT did it in 211; that's one-sixth of the time.

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