The BlackRock Spot Bitcoin ETF, known as IBIT, has reached an impressive milestone, amassing $50 billion in assets under management (AUM) in just over a year since its launch.
This considerable growth includes holding over 500,000 Bitcoins, signaling significant investor interest and confidence in the ETF as a robust option for cryptocurrency exposure.
With consistent daily inflows, IBIT stands out as one of the most successful ETF launches in 2024, drawing attention from market observers and analysts eager to track its performance and implications for the cryptocurrency market.
