{"id":41293,"date":"2024-11-13T16:54:22","date_gmt":"2024-11-13T16:54:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-spot-bitcoin-etf-hits-40-billion-sets-new-record-in-211-days\/"},"modified":"2024-11-13T16:54:22","modified_gmt":"2024-11-13T16:54:22","slug":"blackrocks-spot-bitcoin-etf-hits-40-billion-sets-new-record-in-211-days","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-spot-bitcoin-etf-hits-40-billion-sets-new-record-in-211-days\/","title":{"rendered":"BlackRock&#8217;s spot Bitcoin ETF hits $40 billion, sets new record in 211 days"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/kanchanara-G2qIuxeqfEw-unsplash-min-2-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/kanchanara-G2qIuxeqfEw-unsplash-min-2-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/kanchanara-G2qIuxeqfEw-unsplash-min-2-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/kanchanara-G2qIuxeqfEw-unsplash-min-2-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">BlackRock\u2019s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF\u2019s previous record of 1,253 days<\/li>\n<li aria-level=\"1\">BlackRock\u2019s new record comes two weeks after it hit $30 billion in net assets at the end of October<\/li>\n<li aria-level=\"1\">BlackRock is now in the top 1% of all ETFs by assets and is bigger than all the ETFs launched in the past 10 years<\/li>\n<\/ul>\n<p>BlackRock has done it again. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in net assets in 211 days.<\/p>\n<p>News of the milestone comes two weeks after BlackRock reached <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-spot-bitcoin-etf-hits-30-billion-sets-new-record-in-293-days\/\">$30 billion in net assets in 293 days<\/a> at the end of October.<\/p>\n<p>Posting on <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1851587325077197034\" target=\"_blank\" rel=\"noopener\">X<\/a> in October, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an \u201call-time record,\u201d adding \u201cthe old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.\u201d<\/p>\n<p>With BlackRock\u2019s new achievement, it\u2019s surpassed the previous record of 1,253 days held by iShares Core MSCI Emerging Markets ETF, according to Balchunas.<\/p>\n<p>In a post on <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1856677642776228029\" target=\"_blank\" rel=\"noopener\">X<\/a>, he said: \u201c[BlackRock\u2019s] now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUGGERNAUT: <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IBIT<\/a> has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by <a href=\"https:\/\/twitter.com\/search?q=%24IEMG&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IEMG<\/a>. It&#8217;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. <a href=\"https:\/\/t.co\/WTATlpShUq\">pic.twitter.com\/WTATlpShUq<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1856677642776228029?ref_src=twsrc%5Etfw\">November 13, 2024<\/a><\/p>\n<\/blockquote>\n<p>Now, BlackRock holds more than 467,000 Bitcoin, valued at $41.8 billion, according to <a href=\"https:\/\/www.ishares.com\/us\/products\/333011\/ishares-bitcoin-trust-etf\" target=\"_blank\" rel=\"noopener\">iShares data<\/a>.<\/p>\n<h2>Reaching new heights<\/h2>\n<p>The new record comes as Bitcoin reached an all-time high of over $93,000 on November 13 in a continued rally that\u2019s showing no signs of slowing.<\/p>\n<p>The upward trajectory is <a href=\"https:\/\/coinjournal.net\/news\/unity-coo-its-disingenuous-to-say-trump-win-directly-caused-bitcoin-price-rise\/\">partly due<\/a> to <a href=\"https:\/\/coinjournal.net\/search\/donald+trump\">Donald Trump<\/a> being re-elected as US President earlier this month. Following news of his win, <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-75k-as-crypto-celebrates-donald-trump-election-win\/\">Bitcoin broke the $75,000 mark<\/a>. It then <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-82000-boosted-by-trumps-re-election-win\/\">passed $82,000<\/a>, and continued to <a href=\"https:\/\/coinjournal.net\/news\/microstrategy-buys-27200-btc-worth-over-2-billion-bitcoin-spikes-above-84k\/\">$84,000<\/a>, before <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-87k-heres-what-this-analyst-says-about-btc-price\/\">pushing to $87,000<\/a> earlier this week.<\/p>\n<p>In September, Bernstein analysts predicted that Bitcoin would surge to between <a href=\"https:\/\/coinjournal.net\/news\/bernstein-analysts-predict-bitcoin-surge-to-90k-if-trump-wins\/\">$80,000 and $90,000<\/a> if Trump won the US election. With that prediction having now passed, Bernstein analysts believe Bitcoin could reach <a href=\"https:\/\/coinjournal.net\/news\/bernstein-urges-investors-to-buy-crypto-as-it-predicts-200k-per-bitcoin-in-2025\/\">$200,000 in 2025<\/a>, urging investors to \u201cbuy everything they can.\u201d<\/p>\n<p>It remains to be seen how far Bitcoin will go, but for now, it\u2019s showing no signs of slowing down.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/blackrocks-spot-bitcoin-etf-hits-40-billion-sets-new-record-in-211-days\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) BlackRock\u2019s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF\u2019s previous record of 1,253 days BlackRock\u2019s new record comes two weeks after it hit $30 billion in net assets at the end of October BlackRock [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":41294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41293"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41293"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41294"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}