PANews, December 30 - According to Bloomberg, the iShares division of BlackRock offers over 1,400 ETFs globally, but none of them can compare to its Bitcoin ETF in terms of performance. The iShares Bitcoin Trust (IBIT) broke industry records upon its launch in 2024. In just 11 months, its asset size ballooned to over $50 billion.
Todd Sohn, Managing Director of ETF and Technical Strategies at Strategas Securities, noted in a report that IBIT's size has grown to be equivalent to the total assets managed by more than 50 ETFs focused on the European market, many of which have been around for over 20 years. Nate Geraci, President of consulting firm The ETF Store, referred to it as 'the greatest issuance in ETF history.' As Bloomberg Intelligence analyst James Seyffart stated, 'The growth of IBIT is unprecedented. It is the fastest ETF to reach most milestones, faster than any other ETF in any asset class.' He added that with its current asset size and a fee ratio of 0.25%, IBIT is expected to generate about $112 million annually.
With over $11 trillion in assets under management, the acceptance of the world's largest investment company helped Bitcoin's price break the $100,000 mark for the first time, attracting institutional investors and previously skeptical individual investors.
