The IBIT #Bitcoin ETF from BlackRock is the greatest ETF launch in history after swift investor adoption catalyzed a single-year net inflow worth billions of dollars.
Following an impressive market debut year, Bitcoin spot exchange-traded funds (ETFs) are among the most prominent investment vehicles in the global market. The funds’ immediate impact has seen them record a cumulative inflow of $35.24 billion and a net asset of $106.24 billion.
However, the iShares Bitcoin Trust (IBIT) stands out among these funds. The ETF’s herculean feat twelve months after its market debut has ensured it is the greatest launch in ETF history.
A Bloomberg report highlighted the impressive one-year performance of the BlackRock Bitcoin ETF and how its market entry has changed the narrative for the pioneering cryptocurrency Bitcoin.
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