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BlackRock's IBIT becomes the ETF to reach a market capitalization of $80 billion the fastest.
BlockBeats news, on July 11, Bloomberg ETF analyst Eric Balchunas stated that IBIT broke through the $80 billion mark last night, becoming the fastest ETF in history to reach this milestone, taking only 374 days, which is about 5 times faster than the previous record held by VOO, which took 1814 days. In addition, its current market capitalization has reached $83 billion, ranking as the 21st largest ETF in the world.