BlackRock's Bitcoin ETF has the fastest growth in history in 1 year

Cassio Gusson

Crypto Journalist

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The Ishares Bitcoin Trust (IBIT), a Bitcoin ETF launched by BlackRock, reached a historic milestone in 2024, becoming the fastest-growing fund of all time.

IBIT reached more than US$$ 50 billion in Bitcoin, with its holdings valued at approximately US$$ 52.4 billion as of December 30, 2024. This result reflects dizzying growth, consolidating the fund as the largest launch in the history of ETFs.

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BlackRock, the world’s largest asset manager, continued its successful run with IBIT, which has seen $$ 37.31 billion in net inflows since its launch.

The ETF has now accumulated 552,554.76 BTC and has quickly surpassed milestones that no other ETF has achieved in its debut. For Nate Geraci, President of The ETF Store, IBIT has become a phenomenon in the financial market, being called the “largest launch in ETF history”.

The growth of IBIT is not only a victory for BlackRock, but also a reflection of the growing interest in Bitcoin among institutional and retail investors.

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According to a report by Bloomberg, the ETF stands out for having attracted more net inflows than 12 funds combined, with unprecedented growth in the cryptocurrency market.

Also read: See 4 cryptocurrencies that will outperform the Nasdaq in 2024

BlackRock's Bitcoin ETF

In addition, IBIT outperformed other traditional funds, such as Grayscale's Bitcoin Trust (GBTC), which suffered a significant outflow of US$$ 21.35 billion after its transition from an OTC product to a public ETF.