BlackRock iShares Spot Bitcoin ETF

BlackRock's iShares Bitcoin Trust ETF (IBIT) has become the fastest-growing ETF in history, exceeding $30 billion in assets under management. According to Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, IBIT reached this milestone in just 293 days, setting a new record.

BlackRock’s Bitcoin ETF saw a record volume of $1 billion today in the first 20 minutes.

IBIT had its biggest volume day ever November 6th 2024 with $4.1b traded. For context that's more volume than stocks like Berkshire, Netflix or Visa saw on that trading day.

BlackRocks spot Bitcoin ETF (IBIT) just blew through the $80b making it fastest ETF to get there in 374 days. For context, that's about 5x faster than the previous record held by Vanguard S&P 500 ETF (VOO), which did it in 1,814 days. Also at $83b it's now 21st biggest ETF overall.

IBIT is now the most profitable ETF for BlackRock by a good amount now based on current aum.

Morgan Stanley and Goldman Sachs are joining the party.

https://www.morganstanley.com/im/en-...in-trust.html/

https://www.sec.gov/Archives/edgar/d...12d485apos.htm