"BlackRock Bitcoin ETF Surpasses ₩97.7 Trillion in Assets Under Management…Fastest Growth Ever Recorded"
Minseung Kang
Summary
- BlackRock's spot Bitcoin ETF (IBIT) has reportedly reached approximately ₩97,977,000,000,000 in assets under management.
- BlackRock's Bitcoin ETF is currently managing assets exceeding $70 billion.
- It was emphasized that this is the fastest-growing ETF in history.
The U.S. asset manager BlackRock's spot Bitcoin exchange-traded fund (ETF), IBIT, has rapidly attracted assets at an unprecedented rate, with its assets under management (AUM) surpassing $70 billion (approximately ₩97,977,000,000,000).
On the 29th, crypto-specialized media Bitcoin Magazine announced on X (formerly Twitter) that "BlackRock, which has $1.15 trillion in assets under management, currently manages more than $70 billion in its Bitcoin ETF."
It further highlighted, "This is the fastest-growing ETF in history."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"](https://media.bloomingbit.io/PROD/news/ddf35c9e-c582-4b4d-95b6-0c5b1673198d.webp?w=250)
