BlackRock BTC ETF’s Assets Under Management Reach $50B Since Launch
The launch of the BlackRock iShares Bitcoin Trust (IBIT) has been a remarkable success this year, outdoing all of the asset manager’s other 1,400 exchange-traded funds (ETFs).
According to Nate Geraci, president of The ETF Store, it can be considered “the greatest launch in ETF history.” As reported by Bloomberg, the January 11, 2024 launch of the Bitcoin ETF has made it the most successful ETF to date.
In just 11 months, IBIT has gathered over $50 billion in assets under management (AuM), a feat never before seen in the debut of an ETF.
Managing director of ETF and at Strategas Securities, Todd Sohn, compared IBIT’s AuM to that of 50 European market-focused ETFs combined, some of which have been in existence for over 20 years.
Bloomberg Intelligence analyst James Seyffart commented on the unprecedented growth of IBIT, stating that it has surpassed all other ETFs in all asset classes in terms of speed in reaching milestones.
