BlackRock's IBIT Becomes World's Largest Bitcoin ETF with $20 Billion AUM, Surpassing Grayscale's GBTC

May 29, 2024, 04:15 AM

BlackRock's spot Bitcoin ETF, IBIT, has officially surpassed Grayscale's GBTC to become the largest Bitcoin ETF in the world. IBIT achieved this milestone with a massive inflow of $101.9 million, including a $100 million buy today, bringing its total assets under management to over $20 billion. The ETF now holds 288,671 BTC. This significant achievement was accomplished in less than 90 trading days, specifically 96 trading days, highlighting the rapid growth and investor confidence in BlackRock's Bitcoin offering.