BlackRock has launched a Bitcoin-based ETF named IBIT, which has quickly become one of the company's most successful funds, attracting significant investment in a brief period.
Significant Achievements of IBIT
Since its launch in January 2024, IBIT has gathered $76 billion in assets. The fund charges a fee of 0.25%, generating approximately $191 million in yearly revenue, ranking it third among over 1,100 funds managed by BlackRock.
Record Growth of the ETF
IBIT has quickly captured the market, raising $2 billion in net inflows just days after its launch. Within six months, its assets exceeded $50 billion, making it one of the fastest-growing ETFs in history.
Increased Trust in Bitcoin
IBIT's popularity can be attributed to its accessibility for investors, who can easily invest in Bitcoin through a regulated fund. This contributes to growing trust in Bitcoin and its perception as a conventional investment, comparable to stocks and gold.
The success of IBIT emphasizes the growing interest in Bitcoin investments among professional investors and may signify that Bitcoin is becoming a more accepted part of investment strategies.
