BlackRock just broke major AUM record 5x faster than IEFA
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The BlackRock Bitcoin ETF product officially crossed 500,000 BTC AUM this month, setting the pace for even more impressive milestones.The top coin has maintained this price level for long as it printed a series of new all-time highs over the past few weeks. As a BTC-dependent product, the performance of the digital currency impacts the flow of capital into IBIT.
Per data from Farside Investors, the BlackRock product recorded a $571.7 million inflow as of Dec. 4. This impressive inflow marks the fourth consecutive inflow day for the product as it continues to benefit from the hype in the Bitcoin ecosystem.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.
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