The largest cryptocurrency by market capitalization has just become the seventh-largest asset by market cap on the planet, overtaking oil giant Saudi Aramco. Its dominance over the crypto industry set a high of 61.

Crypto market leader Bitcoin (BTC) has become the seventh largest asset by market capitalization as US spot Bitcoin ETF (exchange-traded fund) inflows reach $4.7 billion over the past six days.

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The largest bitcoin ETF is seeing impressive price action, in tandem with the crypto currency itself, as investors look to get ahead of pro-crypto policies from President-elect Trump.

BlackRock Bitcoin ETF reaches $40 billion, becoming the fastest ETF to join the top 1% by size, surpassing previous records in 211 days.

The surge was fueled by heavy demand, with the Coinbase Premium Index at its highest level since April. Blackrock's iShares Bitcoin ETF (IBIT) was the fourth-most traded product across all ETFs, with $1.2 billion volume in the first hour of the session.