Breaking News | BlackRock's Bitcoin Spot ETF nears $70 billion!

BlackRock's iShares Bitcoin Trust (IBIT) surpassed $70 billion in assets under management in just 341 trading days, setting a record for the fastest growth in history, far exceeding the performance of gold ETFs (such as GLD).

💡 Interpretation highlights:
This indicates that a large amount of institutional capital is flowing into Bitcoin through compliant channels.
Beyond traditional safe-haven assets (such as gold), Bitcoin is increasingly becoming a part of mainstream investment portfolios;
The influx of funds has enhanced market liquidity and may further boost the price of Bitcoin.

📈 The significance for the coin circle:
In the short term, the continuous accumulation of ETFs may bring upward momentum;
The medium to long term means that Bitcoin is gradually gaining the same asset positioning as gold: anti-inflation and safe haven;
In addition, the entry of institutions may also drive the development of related derivatives and derivative markets.