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Here Are The Records BlackRock Bitcoin ETF Broke This Year
The post Here Are The Records BlackRock Bitcoin ETF Broke This Year appeared on BitcoinEthereumNews.com. BlackRock’s iShares Bitcoin Trust (IBIT) marked an extraordinary debut in 2024, becoming the fastest-growing exchange-traded fund (ETF) in history. Within 11 months of its launch, the fund amassed over $50 billion in assets under management, setting a new benchmark for ETF performance. The achievement outpaced industry standards, with IBIT reaching asset milestones faster than any ETF across all asset classes. BlackRock’s iShares Bitcoin ETF Achieves Fastest $50B Milestone in History According to a Bloomberg report, BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), surpassed $50 billion in assets within just 11 months. This remarkable growth makes it the fastest-growing cryptocurrency ETF in history. It surpassed milestones previously set by BlackRock’s iShares Core MSCI EAFE ETF, which took nearly four years to reach the same level. The rapid accumulation of assets underscores IBIT’s unique appeal to institutional and retail investors. At its current size, IBIT generates approximately $112 million in annual revenue, based on an expense ratio of 0.25%. This performance reflects the fund’s appeal to the increasing demand for cryptocurrency exposure in mainstream investment portfolios. Despite this record-breaking milestone, IBIT recently recorded its largest-ever outflow of $188.7 million, doubling the previous high of $72.7 million just days earlier. This comes amid a broader trend of consecutive outflows from US-based spot Bitcoin ETFs, totaling $1.5 billion over four days. IBIT Role in Bitcoin’s 118% Year-to-Date Rally The iShares Bitcoin Trust contributed significantly to Bitcoin’s impressive 118% year-to-date rally. The fund’s launch coincided with Bitcoin surpassing $100,000 for the first time, driven by institutional inflows and greater market acceptance. BlackRock’s reputation as the world’s largest asset manager, with over $11 trillion under management, provided a strong endorsement for the cryptocurrency ETF market. Additionally, BlackRock Bitcoin ETF accounts for more than 50% of the daily trading volume among all US Bitcoin ETFs. Since…
The post Here Are The Records BlackRock Bitcoin ETF Broke This Year appeared on BitcoinEthereumNews.com.
BlackRock’s iShares Bitcoin Trust (IBIT) marked an extraordinary debut in 2024, becoming the fastest-growing exchange-traded fund (ETF) in history. Within 11 months of its launch, the fund amassed over $50 billion in assets under management, setting a new benchmark for ETF performance. The achievement outpaced industry standards, with IBIT reaching asset milestones faster than any ETF across all asset classes. BlackRock’s iShares Bitcoin ETF Achieves Fastest $50B Milestone in History According to a Bloomberg report, BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), surpassed $50 billion in assets within just 11 months. This remarkable growth makes it the fastest-growing cryptocurrency ETF in history. It surpassed milestones previously set by BlackRock’s iShares Core MSCI EAFE ETF, which took nearly four years to reach the same level. The rapid accumulation of assets underscores IBIT’s unique appeal to institutional and retail investors. At its current size, IBIT generates approximately $112 million in annual revenue, based on an expense ratio of 0.25%. This performance reflects the fund’s appeal to the increasing demand for cryptocurrency exposure in mainstream investment portfolios. Despite this record-breaking milestone, IBIT recently recorded its largest-ever outflow of $188.7 million, doubling the previous high of $72.7 million just days earlier. This comes amid a broader trend of consecutive outflows from US-based spot Bitcoin ETFs, totaling $1.5 billion over four days. IBIT Role in Bitcoin’s 118% Year-to-Date Rally The iShares Bitcoin Trust contributed significantly to Bitcoin’s impressive 118% year-to-date rally. The fund’s launch coincided with Bitcoin surpassing $100,000 for the first time, driven by institutional inflows and greater market acceptance. BlackRock’s reputation as the world’s largest asset manager, with over $11 trillion under management, provided a strong endorsement for the cryptocurrency ETF market. Additionally, BlackRock Bitcoin ETF accounts for more than 50% of the daily trading volume among all US Bitcoin ETFs. Since…
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