According to Bloomberg, the spot Bitcoin ETF IBIT launched by BlackRock is referred to as "the greatest ETF debut in history." Since its launch in January 2024, the product has quickly become one of BlackRock's largest funds. The success of IBIT has not only pushed Bitcoin's price above $100,000 but has also spurred an investment boom in the cryptocurrency sector. In less than a year, IBIT's growth rate has surpassed that of any of the 1,400 ETFs worldwide. Analysts say that the success trajectory of IBIT is unprecedented, and it is expected to face little competition from similar products in the future.