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BlackRock’s Bitcoin ETF has the biggest growth in history in 1 year
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THE Ishares Bitcoin Trust (IBIT)Bitcoin ETF launched by BlackRockreached a historic milestone in 2024, becoming the fastest growing fund ever.
THE IBIT reached more than $50 billion in Bitcoinwith its holdings valued at approximately US$52.4 billion until December 30, 2024. This result reflects a dizzying growthconsolidating the fund as the biggest launch in the history of ETFs.
BlackRock, the world’s largest asset manager, continued its successful trajectory with the IBITwhich, since its launch, has obtained US$37.31 billion in net inflows.
The ETF has accumulated 552,554.76 BTC and quickly surpassed milestones that no other ETF had achieved upon its debut. For Nate Geraci, president of The ETF StoreIBIT became a phenomenon in the financial market, being considered the “biggest launch in ETF history”.
BlackRock Bitcoin ETF
The growth of IBIT is not only a victory for BlackRock, but also a reflection of the growing interest in Bitcoin between institutional and retail investors.
According to a report from Bloombergthe ETF stands out for having attracted more net inflows than 12 combined fundswith growth unprecedented in the cryptocurrency market.
Furthermore, IBIT outperformed other traditional funds, such as Bitcoin Trust (GBTC) from the Grayscalewhich suffered a significant loss of US$21.35 billion following its transition from an OTC product to a public ETF.
The move into the public ETF market has helped highlight the growing popularity of products like IBIT. Meanwhile, cryptocurrency products have become more accepted by institutional investors.
The impact of IBIT goes beyond growth itself. After all, it marks a paradigm shift in the financial market, where the Bitcoin stops being seen as a niche asset to become a important part of the investment portfolio of large institutions.
James Seyffartanalyst at Bloomberg Intelligencehighlights that IBIT’s growth has been faster than any other ETF in any asset class. That’s because BlackRock’s ETF quickly broke records.
BlackRock’s Bitcoin ETF has the biggest growth in history in 1 year
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BlackRock’s Bitcoin ETF has the biggest growth in history in 1 year
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BlackRock’s Bitcoin ETF has the biggest growth in history in 1 year
