BlackRock's Bitcoin Fund (IBIT) Nears $100 Billion AUM Milestone with Rapid Growth
BlackRock's Bitcoin Fund (IBIT) Nears $100 Billion AUM Milestone with Rapid Growth
BlackRock's iShares Bitcoin Trust (IBIT) is reportedly on the cusp of a significant milestone, with its assets under management (AUM) approaching $100 billion. Achieving this 'absurd' growth in just over a year since its launch, the fund reflects substantial institutional interest and inflows into Bitcoin-backed investment products.
BlackRock Bitcoin Fund Hits ‘Absurd’ Growth, Eyes $100B AUM
According to market reports, BlackRock’s iShares Bitcoin Trust (IBIT) has climbed to the edge of a major milestone, with assets under management roughly between $98 billion and $100 billion. This rapid expansion, described as 'absurd' growth, has occurred in just over a year since the fund's launch. The achievement highlights the growing appeal and institutional adoption of Bitcoin as an investable asset class.