Senior Bloomberg analyst Eric Balchunas says that BlackRock’s Bitcoin (BTC) Exchange-Traded Fund has exceeded the monument of $ 80 billion faster than any ETF in history.
In a new thread on the social media platform X, Balchunas out That the Ishares Bitcoin Trust ETF (IBIT) is now worth $ 83 billion, the 21st largest ETF in general.
“Ibit blew through the $ 80 billion [on Friday]Fastest ETF to get there in 374 days, about 5x faster than the previous record, in the hands of VOO, who did it in 1,814 days. “
Balchunas continues remark The Bitcoin rallies contribute strongly to the total assets of all existing BTC-based ETFs.
“Total assets for all location Bitcoin ETFs also crossed $ 140 billion for the first time. They recorded more than $ 1 billion last night, but it was really the big step in price that most of the heavy work does here.”
He too notes Die BlackRock’s Ethereum (ETH) -based ETF (ETHA) had one of the best weeks so far, in the top 10 in terms of intake.
“Don’t look now, but Etha took the 6th place on the weekly Flow -Leaderboard. Hanging with the big dogs for the first time. $ 675 million in a week is not a joke, although it still lives in BTC’s shadow with Ibit who grabbed an absurd $ 1.7 billion.”
BTC and IBIT act for $ 122,260 and $ 67.21 respectively at the time of writing, while ETH and ETHA are appreciated at $ 3,031 and $ 22.80.
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