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BlackRock's IBIT asset management scale exceeded 70 billion USD in just 341 days, setting the record for the fastest achievement.
Gate News bot news, Bloomberg ETF analyst Eric Balchunas posted on social media, stating: “BlackRock’s IBIT asset management scale has just surpassed 70 billion USD, becoming the fastest ETF to reach this level in history, taking only 341 days.”
Balchunas said the milestone was about five times faster than the previous record holder, SPDR Gold Shares (GLD), which took 1,691 trading days to reach $70 billion in AUM.
Source: Cointelegraph