Best crypto to buy now as BlackRock’s BTC ETF blows past $70B in record time

Bitcoin surged to its highest level so far this month on Monday, climbing above $110,000 and reversing last week’s pullback to trade just 2% below its all-time high from May. At the time of writing on Tuesday, the largest cryptocurrency rose 3.4% over the past 24 hours, extending a quiet advance into a sharp rally. Ethereum followed closely, with Ether gaining 7% to trade above $2,620. The sudden upswing caught many leveraged traders on the wrong side of the market. According to CoinGlass, over $110 million in Bitcoin short positions were liquidated within an hour. Across all crypto assets, short liquidations totaled around $330 million for the day—the highest in a month—as traders betting on price declines were forced out. The rally came even as traditional equity markets remained flat, with the S&P 500 and Nasdaq showing little movement. With Bitcoin showing signs of a major rebound, overall market sentiment has turned more optimistic. In this environment, some retail investors are shifting focus to high-upside tokens like Bitcoin Pepe , which is approaching the final stages of its presale. Speculative capital continues to move into early-stage crypto ventures, as traders chase momentum-driven opportunities with the potential for substantial returns. Against this backdrop, Bitcoin Pepe has gained traction as a preferred option among investors looking to position ahead of the next wave. BlackRock’s BTC ETF continues to soar BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has become the fastest exchange-traded fund in history to surpass $70 billion in assets under management, reaching the milestone in just 341 days. “IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days,” ETF analyst Eric Balchunas posted on X on June 9. Eric Balchunas @EricBalchunas · Follow $IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days, which is 5x faster than the old record held by GLD of 1,691 days. Nice chart from @JackiWang17 8:39 pm · 9 Jun 2025 3.1K Reply Copy link Read 120 replies He noted that the achievement came nearly five times faster than the previous record set by SPDR Gold Shares (GLD), which took 1,691 trading days to reach the same threshold. As of publication, IBIT—listed on the Nasdaq—manages $71.9 billion in assets and holds 661,457 BTC, making it the largest institutional holder of Bitcoin. It now ranks ahead of Binance (629,190 BTC) and Strategy (582,000 BTC), the firm led by prominent Bitcoin advocate Michael Saylor. Bitcoin Pepe sees strong inflows Bitcoin’s sustained bullish momentum has helped lift sentiment across the broader crypto market, creating conditions that have historically preceded wider rallies. In this risk-friendly climate, investors are once again rotating into speculative plays, with meme coins among the first to benefit. Bitcoin Pepe is one project riding this wave, attracting attention for its attempt to merge internet meme culture with a serious Layer 2 blockchain proposition. Widely seen as one of 2025’s most closely tracked crypto presales, Bitcoin Pepe has differentiated itself with the ambition to “build Solana on Bitcoin”—a vision aimed at combining Bitcoin’s network security with Solana-style scalability. Unlike typical meme tokens that rely primarily on community hype, Bitcoin Pepe is anchored by a technical roadmap and infrastructure-focused narrative. The project has raised more than $14 million in presale funding ahead of a listing announcement on June 17, underscoring investor interest. As speculative capital continues to flow into early-stage assets, Bitcoin Pepe is positioning itself to capture further momentum in the final stretch of its token sale. The post Best crypto to buy now as BlackRock’s BTC ETF blows past $70B in record time appeared first on Invezz

Source: Invezz