BlackRock takes the lead, reaching $30 billion in 293 days. JEPI took 1,272 days, Gold managed it in 1,790 days Spot Bitcoin ETF could reach 1 million Bitcoins more than Satoshi Nakamoto by mid-December
BlackRock's Spot Bitcoin exchange-traded fund (ETF) has reached $30 billion in assets, setting a new record of 293 days and showing growing interest in crypto investing.
BlackRock's milestone comes 10 months after the company launched its Spot Bitcoin ETF in January. It was then reported that BlackRock traded $7.5 million in stock within the first 10 minutes of its launch.
BlackRock currently holds more than 417,000 Bitcoins worth $30.4 billion, according to iShares data.
Bloomberg analyst Eric Balciunas told X that what BlackRock achieved was an “all-time record,” adding: “The old record was $JEPI in 1,272 days.” $GLD took 1,790 days. It's unrealistic. ”
Also, following yesterday's monster flows and price increases, $IBIT assets have surpassed the $30 billion mark. It took just 293 days to reach this milestone, an all-time record. The old record was $JEPI, achieved in 1,272 days. $GLD took 1,790 days. Unrealistic… pic.twitter.com/rUskhqhW7b
— Eric Balchunas (@EricBalchunas) October 30, 2024
Balciunas also pointed out that the Bitcoin ETF could soon reach 1 million Bitcoins. At the time of publication, that number is approximately 983,000. Balchunas believes that if such a milestone is reached, the total Spot Bitcoin ETF could surpass Satoshi Nakamoto's wallet, which holds 1.1 Bitcoin, by mid-December.
“Having said that, anything can happen, for example a sharp decline, which will still delay everything, if not avoid it,” he added. “On the contrary, if prices continue to rise and Trump wins, FOMO could set in and everything could happen faster. Stay tuned.”
Countdown: US Spot ETF will reach 1 million Bitcoin holdings by next Wednesday and will surpass Satoshi by mid-December (before his 1st birthday, wow). They are adding about 17,000 BTC every week. That being said, anything can happen. For example, the violent fall, and despite everything being delayed… pic.twitter.com/lsU1xSP2Zd
— Eric Balchunas (@EricBalchunas) October 29, 2024
Decentralized prediction market platform Polymarket, and more recently investment app Robinhood, have released data predicting who will win the November 5 US presidential election.
As of Polymarket's release, former President Donald Trump leads with 67%, followed by Vice President Kamala Harris with 33.1%.
