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VisitWhat will be the most significant factor driving Bitcoin ETF growth in 2025?
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BlackRock's iShares Bitcoin Trust Amasses $50 Billion in 11 Months, Dubbed 'Greatest ETF Launch in History'
Dec 30, 2024, 04:51 PM
BlackRock Inc.'s iShares Bitcoin Trust (IBIT) has set a new benchmark in the exchange-traded fund (ETF) industry, achieving the title of the 'greatest launch in ETF history' according to Bloomberg. Launched in 2024, IBIT amassed over $50 billion in assets within just 11 months, surpassing the performance of any other ETF debut. This rapid growth has been described as unprecedented by industry analysts, with IBIT reaching most milestones faster than any other ETF in any asset class. The success of IBIT is not only a testament to BlackRock's prowess in the ETF market, where it offers more than 1,400 ETFs, but also marks a significant milestone for Bitcoin. At an expense ratio of 0.25%, IBIT is expected to generate about $112 million annually. The fund's launch helped propel Bitcoin's price past $100,000 for the first time, attracting both institutional and individual investors. The group of 12 Bitcoin ETFs now collectively hold about $107 billion in assets.
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