Launched in early 2024, the IBIT fund has shown impressive growth, attracting over $52 billion. This article explores key aspects of its rise and impact on the ETF market.
Cumulative inflows IBIT
Since its launch, IBIT has attracted over $52 billion in cumulative inflows. This is more than double the total of all other Bitcoin ETFs, which stand at around $20 billion. Analyst James Check notes that IBIT not only leads in total assets but consistently attracts a significant share of new investments each week.
Asset and revenue growth
The IBIT fund has rapidly set a new record, reaching $70 billion in assets in just 341 trading days, the fastest growth pace for a U.S. ETF. Additionally, IBIT has become BlackRock's top revenue-generating ETF, pulling in $186 million annually, surpassing the long-standing IVV S&P 500 ETF.
Impact on institutional investment market
The rise of IBIT marks a pivotal moment for institutional capital, as even conservative firms like BlackRock now see greater profit from Bitcoin exposure compared to traditional equity strategies.
The IBIT fund has demonstrated significant results in a short timeframe, garnering attention from both investors and analysts. Its success may indicate changes in institutional attitudes towards Bitcoin.
