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What will be the next major AUM milestone for BlackRock's Bitcoin ETF by end of 2024?
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Resolution / Starting Odds
$40 billion to $50 billion • 25%
$50 billion to $60 billion • 25%
$60 billion to $70 billion • 25%
Above $70 billion • 25%
BlackRock's official financial reports or reputable financial news sources
Story
BlackRock's Bitcoin ETF Hits $40 Billion in 211 Days, Bitcoin Surges to $91,000
Nov 13, 2024, 02:38 PM
BlackRock's Bitcoin ETF has reached $40 billion in assets under management (AUM) faster than any other ETF in history, achieving this milestone in just 211 days. At just 10 months old, the ETF, known as $IBIT, is now in the top 1% of all ETFs by assets, surpassing all 2,800 ETFs launched in the past ten years. According to Eric Balchunas, the ETF's performance is unprecedented. Concurrently, Bitcoin has surged to a new all-time high, reaching $91,000. Analysts predict that Bitcoin could hit $100,000 before the end of the year, with its current price just 10% shy of this milestone.
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Similar markets
Less than $50 billion • 25%
$50 billion to $100 billion • 25%
$100 billion to $150 billion • 25%
More than $150 billion • 25%
10,000 million BTC • 25%
15,000 million BTC • 25%
20,000 million BTC • 25%
No significant increase • 25%
Yes • 50%
No • 50%
$1 billion • 25%
$2 billion • 25%
$3 billion • 25%
Other • 25%