TechFlow reported on November 20, according to Fox Business, data from Dow Jones Market Data Group showed that as of Thursday morning, BlackRock's iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, reached $42 billion in assets under management, rising 38% over the past seven days and setting a record for the longest consecutive gain streak in history. According to Bloomberg, IBIT has become the fastest-growing ETF in history.
Since the general election, IBIT has attracted over $3 billion in inflows. Market analysts believe the president-elect's pro-cryptocurrency stance will bring a more favorable regulatory environment for the industry. A BlackRock spokesperson said the substantial inflows into IBIT highlight investors' preference for gaining Bitcoin exposure through convenient, high-quality ETF products.
