BlockBeats reported that on November 20, according to Fox Business, data from Dow Jones Market Data Group showed that as of Thursday morning, the largest Bitcoin spot ETF BlackRock IBIT had assets of $42 billion, up 38% in the past seven days. This move pushed the price of the ETF (ticker: IBIT) to an all-time high and is currently considered the fastest growing ETF ever.
A BlackRock spokesperson said: "Since its launch, IBIT's inflows have highlighted investors' preference for investing in Bitcoin through the convenience and quality of ETFs. The market's expectations of positive regulatory actions on Bitcoin and cryptocurrencies have rekindled optimism. We remain focused on educating investors and providing convenient and transparent Bitcoin investment channels."
According to the company, IBIT has attracted more than $3 billion in assets since the election, with Donald Trump’s election to the White House expected to bring a more crypto-friendly administration.
