Summary
- BlackRock's IBIT Bitcoin spot ETF has reportedly surpassed $70 billion in assets under management in 341 trading days.
- CEO Nate Geraci noted that no other ETF has shown a comparable performance.
- It was explained that the total size of all 11 spot Bitcoin ETFs in the market amounts to $125 billion.
BlackRock's Bitcoin (BTC) spot Exchange Traded Fund (ETF), IBIT, has surpassed $70 billion in total assets under management (AUM) in just 341 trading days.
On the 10th (local time), Nate Geraci, President of The ETF Store, stated on X (formerly Twitter), "IBIT surpassed $70 billion in just 341 trading days," adding, "No other ETF has shown anything like this. Truly a terrifying chart."
He continued, "Don't forget, there are 11 more spot Bitcoin ETFs," and further explained, "Their combined size amounts to $125 billion."
Son Min
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