Alright folks, gather ‘round! Imagine you’re running a race and suddenly your competitor — BlackRock’s Bitcoin fund — just zooms past the finish line like it’s got a rocket strapped to its back. Yup, that’s exactly what happened. Their spot Bitcoin ETF, called IBIT (sounds like a robot, but it’s pure money magic), smashed through $70 billion in assets under management (AUM) faster than any ETF in history. Like, lightning fast ⚡.
BlackRock’s IBIT hit $70 billion in just 341 days. That’s roughly one year. Sounds impressive, right? Well, hold your horses because the previous record holder, SPDR Gold Shares (GLD), took 1,691 days to get there. That’s almost five years! So BlackRock basically said, “Gold who?” and sped past like a crypto Ferrari.
At the time of writing, IBIT holds about 661,457 Bitcoins. That makes BlackRock the largest institutional Bitcoin holder in the game — outshining even crypto exchange Binance and Michael Saylor’s famous Bitcoin stash. To put that in perspective, that’s a humongous pile of digital gold sitting quietly on their balance sheet.
Now here’s where it gets wild. Bitcoin’s mysterious creator, Satoshi Nakamoto, is…