The iShares Bitcoin Trust (IBIT) is on the verge of reaching $100 billion in assets under management. This extraordinary milestone comes just two years after its launch in January 2024. IBIT has become BlackRock’s most profitable exchange-traded fund, surpassing even the S&P 500 and gold ETFs.
Eric Balchunas, a Bloomberg ETF analyst, notes that IBIT is now BlackRock’s top earner. It has over $97.7 billion in assets, making it the company’s most lucrative ETF. The fund’s rapid growth reflects Bitcoin’s rising popularity.
Bitcoin’s price recently hit a new all-time high of $125,800. This surge has fueled notable interest in the crypto market. The fund’s success is a testament to Bitcoin’s growing acceptance in mainstream finance.
IBIT’s rise is remarkable. It has outperformed older funds like the iShares Russell 1000 Growth ETF and iShares MSCI EAFE ETF. These older funds.
Bitcoin’s surge to a new all-time high of $125,800 has attracted significant attention. The latest report shows Bitcoin ETPs saw over $3.55 billion in weekly net inflows. Year-to-date, these ETPs have attracted more than $27.5 billion.
- IBIT has over $97.7 billion in assets.
- It is indeed blackrock’s most profitable ETF.
- Bitcoin’s price hit $125,800.
the crypto market saw record inflows of nearly $6 billion. Total assets under management for global crypto investment products stand at around $254 billion.
