BlackRock's Bitcoin ETF hits $10bn faster than any US ETF ever, driven by a rally propelling Bitcoin to new highs.

Launched in January, IBIT has capitalized on Bitcoin's bullish phase and the SEC's approval of spot Bitcoin ETFs. This milestone reflects rising investor confidence and the increasing acceptance of cryptocurrencies in traditional investment circles. Other funds like Fidelity's Wise Origin Bitcoin Fund are also experiencing significant AUM growth. The surge in assets under management underscores the growing appeal of cryptocurrencies as an alternative asset class, with Bitcoin's recent 47% increase to $70,000 highlighting mainstream acceptance.