The BlackRock IBIT ETF has seen a 38% growth in assets under management over the past 7 days, making it the fastest-growing ETF in history.

BlockBeats News, November 20th, according to Fox Business, Dow Jones Market Data Group data shows that as of Thursday morning, the largest Bitcoin spot ETF, BlackRock's BTF, has reached an asset size of $42 billion, a 38% increase in the past seven days. This has driven the price of the ETF (ticker symbol: BTF) to an all-time high, making it currently the fastest-growing ETF in history.

A BlackRock spokesperson stated: "Since its launch, the inflows into BTF have highlighted investors' preference for investing in Bitcoin through the convenience and quality of an ETF. The market's positive outlook on regulatory actions towards Bitcoin and cryptocurrency has reignited optimism. We remain focused on educating investors and providing a convenient, transparent channel for Bitcoin investment."

According to the company, since the election, BTF has attracted over $3 billion in assets. With the future inauguration of Donald Trump, it is expected to bring a more crypto-friendly government.