BlackRock IBIT's assets have increased by 38% in the past seven days, making it the fastest growing ETF in history.

On November 20th, according to Fox Business, data from the Dow Jones Market Data Group showed that as of Thursday morning, the largest Bitcoin spot ETF, the BlackRock iShares Bitcoin Trust (IBIT), had assets worth $42 billion, with a 38% increase in the past seven days. This has pushed the price of the ETF (stock code IBIT) to an all-time high and is currently considered the fastest growing ETF in history.

A BlackRock spokesperson said: "Since its launch, the inflow of funds into IBIT has highlighted investors' preference for investing in Bitcoin through the convenience and quality of ETFs. The market's positive expectations for regulatory actions on Bitcoin and cryptocurrencies have rekindled optimism. We remain focused on educating investors and providing convenient and transparent channels for Bitcoin investment."

According to the company, since the election, IBIT has attracted over $3 billion in assets. It is expected that the incoming Donald Trump administration will bring a more supportive government for cryptocurrencies.