– BlackRock’s iShares Bitcoin Trust (IBIT) has rapidly grown to surpass all ETFs launched in the past decade in terms of total assets. – IBIT reached $40 billion in assets in just 211 days, setting a new record for ETF growth. – At 10 months old, IBIT has become one of the top 1% of ETFs by assets, surpassing the total assets of all 2,800 ETFs launched over the last ten years.
– IBIT currently holds the fourth position among US ETFs for 2024 inflows, having attracted over $28 billion so far, and is the only crypto-related ETF in the top 10. – The rapid growth of IBIT highlights the increasing demand for Bitcoin exposure in mainstream investment portfolios and suggests strong momentum behind digital asset ETFs, which may become a lasting fixture in traditional finance.
