Odaily Planet Daily News 🌟 When the iShares Bitcoin Trust (IBIT) under the BlackRock Group was launched in 2024, it quickly broke industry records and became the focus of the market! In just 11 months, IBIT's assets soared to more than 50 billion US dollars, which is astonishing. 📈

Todd Sohn of Strategas Securities pointed out that the size of IBIT is equivalent to the sum of more than 50 European market ETFs, which have a history of more than 20 years! This is undoubtedly one of the greatest issuances in the history of ETFs. 💼

With the current asset size and 0.25% expense ratio, IBIT is expected to earn about 112 million US dollars per year. The charm of Bitcoin is indeed not to be underestimated! 🔍