- BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s earlier record of 1,253 days
- BlackRock’s new record comes two weeks after it hit $30 billion in web belongings on the finish of October
- BlackRock is now in the highest 1% of all ETFs by belongings and is greater than all of the ETFs launched in the previous 10 years
BlackRock has performed it once more. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in web belongings in 211 days.
News of the milestone comes two weeks after BlackRock reached $30 billion in net assets in 293 days on the finish of October.
Posting on X in October, Bloomberg analyst Eric Balchunas, mentioned what BlackRock has achieved is an “all-time record,” including “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”
With BlackRock’s new achievement, it’s surpassed the earlier record of 1,253 days held by iShares Core MSCI Emerging Markets ETF, in response to Balchunas.
In a submit on X, he mentioned: “[BlackRock’s] now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”
JUGGERNAUT: $IBIT has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by $IEMG. It’s now in Top 1% of all ETFs by belongings and at 10mo previous it’s greater than all 2,800 ETFs launched in the previous TEN years. pic.twitter.com/WTATlpShUq
— Eric Balchunas (@EricBalchunas) November 13, 2024
Now, BlackRock holds greater than 467,000 Bitcoin, valued at $41.8 billion, in response to iShares data.
Reaching new heights
The new record comes as Bitcoin reached an all-time excessive of over $93,000 on November 13 in a continued rally that’s displaying no indicators of slowing.
The upward trajectory is partly due to Donald Trump being re-elected as US President earlier this month. Following information of his win, Bitcoin broke the $75,000 mark. It then passed $82,000, and continued to $84,000, earlier than pushing to $87,000 earlier this week.
In September, Bernstein analysts predicted that Bitcoin would surge to between $80,000 and $90,000 if Trump gained the US election. With that prediction having now handed, Bernstein analysts consider Bitcoin might attain $200,000 in 2025, urging traders to “buy everything they can.”
It stays to be seen how far Bitcoin will go, however for now, it’s displaying no indicators of slowing down.
