Deep Tide TechFlow News, December 30, according to Bloomberg, the iShares division of BlackRock offers over 1,400 ETFs globally, but none can compare to its Bitcoin ETF. The iShares Bitcoin Trust (IBIT) has surpassed $50 billion in assets in just 11 months since its launch in 2024.
Todd Sohn, Managing Director of ETF and Technology Strategy at Strategas Securities, noted in a report that the size of IBIT has ballooned to the equivalent of 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, called it 'the greatest issuance in ETF history.' Bloomberg analyst James Seyffart stated, 'The growth of IBIT is unprecedented. It is the fastest ETF to reach most milestones, quicker than any other ETF in any asset class.' He added that at its current asset size and a fee ratio of 0.25%, IBIT is expected to generate about $112 million annually.
