BlackRock's Bitcoin ETF just hit $80 billion - fastest in history
Key Points
- BlackRock's Bitcoin ETF became the fastest fund to reach $80...
BlackRock's Bitcoin ETF (IBIT) just became the fastest fund in history to reach $80 billion in assets, doing it in 374 days. To put that in perspective, their traditional stock ETF took 2,034 days to hit the same milestone. That's like comparing a sports car to a bicycle - both get you there, but one's clearly got more horsepower.
The numbers tell quite a story. On July 10 alone, IBIT pulled in $448 million in fresh money while trading over $5.39 billion worth of shares. That's not just impressive - it's the kind of volume that makes other ETFs look like they're selling lemonade at a garage s...
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