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What will be the largest contributing factor to Bitcoin's price increase in 2025?
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Resolution / Starting Odds
Institutional investment • 25%
Retail investor demand • 25%
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Analysis from financial experts and reports from financial news platforms like Bloomberg or CoinDesk
Story
BlackRock's Bitcoin ETF Hits $52B in Assets, Bitcoin Surpasses $100K
Dec 30, 2024, 05:17 PM
BlackRock's iShares Bitcoin Trust (IBIT) has achieved unprecedented success in the ETF industry, becoming the fastest-growing exchange-traded fund in history. Since its launch in January 2024, the fund has amassed over $52 billion in assets under management (AUM) in just 11 months, surpassing all previous ETF debut records. It holds 552,554 BTC and has recorded $37 billion in net inflows, over $500 billion in cumulative daily trading volume, and an expense ratio of 0.25%, generating an estimated $112 million in annual revenue. This performance has positioned IBIT as a milestone for both the ETF and cryptocurrency markets, with its success contributing to Bitcoin's price surpassing $100,000 for the first time. Analysts and industry experts have described IBIT's growth as unparalleled, with Bloomberg calling it the 'greatest launch in ETF history.' The fund's rapid growth reflects a significant shift in investor interest towards cryptocurrency-related financial products.
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