According to The Kobeissi Letter, the Bitcoin ETF $IBIT has officially surpassed $70 billion in assets under management (AUM) for the first time, reaching this milestone in just 341 trading days, the fastest for any ETF on record (source: The Kobeissi Letter, June 10, 2025). This rapid growth highlights surging institutional adoption and robust investor demand for crypto exposure via regulated vehicles. Traders should note that $IBIT’s unprecedented asset growth signals increasing mainstream confidence in Bitcoin, potentially driving further inflows and sustained upward momentum in the broader cryptocurrency market.