The Bitcoin ETF, $IBIT, has officially surpassed $50 BILLION in assets under management for the first time.
It took just 228 days to reach this threshold, more than 5 TIMES faster than any other ETF in history.
To put this into perspective, for the gold ETF, $GLD, it took ~5.5 years to achieve $50 billion in AUM. This comes as #Bitcoin prices have risen 32% over the past month and hit a historic $100,000.
Over the same time period, the crypto market has added ~$1.4 TRILLION in value. We are witnessing history.
