BlackRock Bitcoin Fund Hits ‘Absurd’ Growth, Eyes $100B AUM
BlackRock’s iShares Bitcoin Trust (IBIT) is on the verge of reaching $100 billion in assets under management (AUM) less than 15 months after launch, rapidly becoming the firm’s most lucrative exchange-traded fund. Fueled by soaring inflows and rising Bitcoin prices, the fund has posted significant growth and now outpaces legacy ETFs in speed to scale….