BlackRock Bitcoin ETF (IBIT) Share Hits All-Time High Beating S&P 500, Gold ETFs 📈
BlackRock's Bitcoin ETF (IBIT) has reached a record milestone as recent inflows soared, with the purchase of 3005 BTC valued at $336 million. This surge has propelled the share price to an all-time high of $63 per share.
IBIT now manages a substantial 662,571 BTC, with its assets under management reaching $72.7 billion. Highlighting its growth trajectory, it achieved this in just 341 days, outpacing traditional assets like the S&P 500 and Gold ETFs.
The post appeared on CoinGape, providing further details about this remarkable achievement for BlackRock's ETF initiative.
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