BlackRock’s Spot Bitcoin ETF Surpasses $50 Billion AUM at Record Pace

Quick Summary:

In a landmark achievement, BlackRock’s spot Bitcoin ETF (IBIT) has surpassed $50 billion in assets under management (AUM) in just 228 days.

This rapid growth has set a new record, making IBIT the fastest-growing ETF in history.

By achieving this milestone at an unprecedented pace, IBIT not only sets a new standard for ETFs but also highlights Bitcoin’s increasing relevance in the global financial landscape.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaCanada

Topics: BlackRock BlackRock's spot Bitcoin ETF $50B AUM Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 14:39:53 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 40 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24141994

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About BitcoinWorld

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