This remarkable rise outpaces even the Vanguard S&P 500 ETF, which took nearly five years to hit the same milestone. […]
The post BlackRock’s Bitcoin ETF Breaks $80B Barrier Faster Than Any Fund in History appeared first on Coindoo.
This remarkable rise outpaces even the Vanguard S&P 500 ETF, which took nearly five years to hit the same milestone.
According to data from SoSoValue, IBIT attracted $448 million in fresh inflows on July 10 alone, pushing total net inflows above $53 billion. Trading volumes topped $5.39 billion that day, with each share priced at $64.50. The ETF now holds over 700,000 BTC, representing about 3.55% of Bitcoin’s total supply.
IBIT’s performance reflects not just growing investor demand, but also the surge in Bitcoin’s price. It now ranks as the 21st-largest ETF globally, climbing ahead of traditional equity-focused funds like VOO, IEFA, and IEMG in record time.
-----Cryptonews AD----->>>
Bloomberg ETF analyst Eric Balchunas noted that IBIT hit this milestone five times faster than any other ETF. With the total value of all spot Bitcoin ETFs now exceeding $140 billion, BlackRock’s aggressive expansion in crypto continues to lead the charge.
The post BlackRock’s Bitcoin ETF Breaks $80B Barrier Faster Than Any Fund in History appeared first on Coindoo.
Source: https://coindoo.com/blackrocks-bitcoin-etf-breaks-80b-barrier-faster-than-any-fund-in-history/
[ajax_load_more]
