The entire assets of BlackRock’s Bitcoin exchange-traded fund (ETF) have now topped $40 billion, according statistics from SoSoValue.
This product achieved this historic milestone in just 211 days. The iShares Core MSCI Emerging Markets ETF (IEMG) held the previous record, which was 1,253 days.
Even though IBIT was just introduced ten months ago, it currently ranks in the top 1% of all ETF products by total assets, according to renowned ETF analyst Eric Balchunas.
Balchunas even had trouble describing the revolutionary success of Bitcoin ETFs using a suitable sports metaphor.
“I’m trying to think of a sports metaphor, like Tiger Woods in ’96 or Jordan as a rookie but I don’t even those are appropriate given the velocity of the records being broken at only 10mo in the game,” Balchunas commented on social media.
Over 2,800 ETFs have been introduced in the last ten years, and the high-flying Bitcoin ETF is already larger.
IBIT saw new inflows of $817 million on November 12. At this point, its total net inflows are getting close to $30 billion.
Right now, U.S. ETFs are experiencing a crazy ride. They have received a staggering influx of $67 billion in the last week alone. These goods are currently on course to surpass the $910 billion yearly record. They will probably exceed $1 trillion, Balchunas said.
