iShares, a subsidiary of the asset management giant "BlackRock", currently manages more than 1,400 ETF products around the world, and even though the product line is extremely rich, no ETF can match the brilliant performance of "iShares Bitcoin Trust (IBIT)" , this Bitcoin spot ETF attracted more than 50 billion US dollars in less than a year after its listing. It not only reshaped the ETF market pattern at an unprecedented speed, but also redefined the status of Bitcoin in the financial market. It was praised by (Bloomberg) It is "the most successful issuance in ETF history."
Unparalleled growth rate
According to the analysis of ETF experts, BlackRock IBIT has attracted staggering capital inflows in less than a year since it was approved for listing in January 2024, and its asset management scale exceeded US$50 billion in 11 months, surpassing more than 50 companies in the European market. The total assets of ETF products that have been in operation for many years are few, and few funds can attract funds at such a rapid rate.
Bloomberg ETF analyst James Seyffart noted:
IBIT is growing at an unprecedented rate and is not only the leader among Bitcoin ETFs, but also the most successful launch of any asset class ETF.
He added that based on the current asset size and management fee (0.25%), IBIT is expected to earn approximately $112 million per year.
Bitcoin goes mainstream
The success of IBIT not only created a new benchmark for the ETF market, but also became a catalyst for the surge in Bitcoin prices, helping Bitcoin break through the $100,000 mark for the first time this year.
With an asset management scale of more than 11 trillion U.S. dollars, BlackRock has extended its financial influence to the cryptocurrency market, pushing Bitcoin to officially enter the mainstream investment portfolio. Its market effect is obvious. Today, there are 12 Bitcoin stocks in the United States. The total size of spot ETFs has reached US$107 billion.
Will IBIT challenge gold ETF dominance?
Not only is IBIT far ahead in terms of asset size, it has also become the first Bitcoin ETF to launch options trading. Since the launch of options trading in November 2024, IBIT has achieved an average daily trading volume of US$1.7 billion, far exceeding other similar products.
Currently, IBIT has become the Bitcoin spot ETF with the largest asset size, reaching a scale of US$50 billion in just 11 months, which is much faster than the second-ranked, BlackRock's own product "iShares Core MSCI EAFE ETF" 5 times. What’s even more amazing is that IBIT’s asset size has even surpassed BlackRock’s gold ETF (the second largest in the world).
Nate Geraci, president of The ETF Store, believes that unless the price of Bitcoin plummets, IBIT is expected to surpass "SPDR Gold Shares", the world's largest gold ETF, in 2025 and become the absolute hegemon in the investment commodity market. This not only means that Bitcoin’s recognition as an asset will further increase, but also symbolizes that the cryptocurrency market has officially entered the mainstream financial stage.
"It attracted more than 50 billion U.S. dollars in less than a year after listing! BlackRock IBIT is known as "the most successful issuance in ETF history." This article was first published on (Block Guest).
