BlackRock's IBIT ETF Reaches $70 Billion Milestone in Record Time

According to BlockBeats, BlackRock's IBIT ETF has surpassed the $70 billion mark in assets under management, achieving this milestone in just 341 days. This rapid growth makes it the fastest ETF to reach this level, significantly outpacing the previous record held by GLD, which took 1,691 days. The information was disclosed by Bloomberg's senior ETF analyst, Eric Balchunas.