IBIT has achieved a significant milestone by entering the top 20 ETFs by assets under management (AUM) for the first time. According to Bloomberg senior ETF analyst Eric Balchunas, IBIT's AUM has surged past $90 billion, allowing it to surpass the well-known technology sector ETF, XLK, in the rankings. This development highlights the growing investor interest and confidence in IBIT as a leading investment vehicle.