At the time of writing, bitcoin
is hovering around the $118,000 level, flirting with the idea of setting a new all-time high this weekend.
On Friday, Bloomberg Senior ETF Analyst Eric Balchunas noted on X that BlackRock’s spot Bitcoin ETF (IBIT) had reached an important milestone at the close of trading on the previous day, becoming the fastest ETF to reach $80 billion in assets under management (AUM). The second fastest ETF to achieve this level was Vanguard’s S&P 500 ETF (VOO), which reached it in 1,814 days.
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