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BlackRock's Bitcoin Fund $IBIT Surpasses $50 Billion in Assets in 2024, Marked as Greatest ETF Launch

Dec 30, 2024, 03:49 PM

BlackRock's Bitcoin Fund has achieved unprecedented success in the exchange-traded fund (ETF) market, being hailed as the 'greatest launch in ETF history.' Launched in 2024, the fund, identified by the ticker $IBIT, has amassed over $50 billion in assets within just 11 months, setting new records for the industry. This remarkable debut has positioned the fund as a dominant player in the cryptocurrency investment space, surpassing previous benchmarks for ETF launches.