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BlackRock's Bitcoin ETF keeps breaking records
With over 10 trillion dollars in assets under management, BlackRock, which is the largest in the world in this regard, has also managed to win the trust of major investors with its Bitcoin ETF. The company, which has outperformed its competitors with its Bitcoin fund IBIT, has set another new record.
Outperformed State Street's gold fund
BlackRock's Bitcoin ETF continues to attract significant interest, reaching a value of $70 billion in just 341 days. This is the shortest time for a fund to reach this value. The previous record was held by State Street's gold fund, GLD, with a duration of 1691 days. This means that the BlackRock fund reached the $70 billion threshold 5 times faster than State Street's gold fund.
Currently, there are 100 billion dollars under the management of GLD, known as the world's largest ETF backed by physical gold.
As is known, both gold and Bitcoin have performed strongly this year and set new records in the uncertainty environment created by the tariff policies implemented by Donald Trump.
The closest competitor to BlackRock's Bitcoin ETF is Fidelity... The company's FBTC fund is currently valued at 31 billion dollars.
BlackRock's IBIT fund has also become the fastest fund to exceed the 10 billion dollar threshold. This level was surpassed in 49 trading days. The fund succeeded in exceeding a value of 10 billion dollars on March 1, 2024.
Published: June 10, 2025 09:51 Last Updated: June 10, 2025 09:57