PANews, December 30, reported by Bloomberg, that the iShares division of BlackRock offers over 1,400 ETFs globally, but none of them can compare to its Bitcoin ETF. The iShares Bitcoin Trust (IBIT) broke industry records when it launched in 2024. In just 11 months, its asset size ballooned to over $50 billion.
Todd Sohn, Managing Director of ETF and Technical Strategies at Strategas Securities, noted in a report that IBIT's size has grown 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.' As Bloomberg Intelligence analyst James Seyffart stated, 'The growth of IBIT is unprecedented. It is the fastest ETF to reach most milestones, outpacing any other ETF in any asset class.' He added that with its current asset size and a fee ratio of 0.25%, IBIT is expected to generate approximately $112 million annually.
With over $11 trillion in assets under management, the acceptance of the world's largest investment firm has helped Bitcoin's price break the $100,000 barrier for the first time, attracting institutional investors and previously skeptical individual investors.
