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The Kobeissi Letter
The Kobeissi Letter|Jun 10, 2025 19:54
Crypto markets are making history: The Bitcoin ETF, IBIT, has officially surpassed 70 BILLION in assets under management for the first time. It took just 341 trading days to reach this threshold, the fastest for any ETF on record. This has also surpassed the previous record of 1,691 days set by the Gold ETF, GLD, which was 5 TIMES slower. By comparison, for the S&P 500 ETF, VOO, this milestone was reached after 1,701 days. Meanwhile, Bitcoin has surged +57% over the last year, officially crossing above 110,000 for the first time in history. We are witnessing history.
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