BlackRock’s pioneering spot Bitcoin exchange-traded fund (ETF) has achieved a monumental milestone, amassing over $30 billion in holdings, signaling a robust appetite for the leading cryptocurrency. Launched just this year on January 10, the ETF now contains more than 417,000 Bitcoins, valued at approximately $30.4 billion. This remarkable growth showcases the increasing mainstream acceptance and investor confidence in Bitcoin.

As the U.S. presidential election approaches on November 5, inflows into the Bitcoin ETF have seen a notable surge. This trend underscores the growing interest in cryptocurrency as a viable investment ahead of significant political events, which often influence market dynamics.

Reaching the $30 billion mark in under 10 months, BlackRock’s ETF has set a new record for the fastest growth to this valuation, as highlighted by Bloomberg’s senior ETF analyst Eric Balchunas. The previous records were held by $JEPI and $GLD, which took significantly longer to achieve similar milestones. This achievement not only underscores the ETF’s success but also marks a significant moment in the evolution of cryptocurrency investments.