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BlackRock’s iShares Bitcoin Trust (IBIT) has surged to over $70 billion in assets under management, fueled by $1.1 billion in net inflows last week. Financial advisors and institutions are increasingly embracing crypto ETFs, signaling a major shift in traditional investment strategies. The fund’s rapid growth highlights Bitcoin’s rising appeal among conservative investors.
- BlackRock's IBIT Bitcoin ETF amassed $70B in AUM in just 341 days—a record for the ETF industry.
- 20% of spot Bitcoin ETF shares are held by investment advisors, with holdings likely to double in 2024.
- Financial advisors are recommending crypto allocations up to 40%, diverging from traditional 60/40 stock-bond splits.
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