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According to news from CoinWorld, after BlackRock's Bitcoin ETF application was approved by the SEC, its Spot Bitcoin ETF IBIT is far ahead in terms of volume and Assets Under Management, surpassing other similar products. According to Bloomberg data, IBIT's average daily trading volume reaches $1.3 billion, and its Assets Under Management amount to $6.6 billion, dominating the market. Analysts believe that BlackRock's brand effect and institutional trust are key to its success.