BlackRock IBIT Smashes Records: $50 Billion AUM in 11 Months
The post BlackRock IBIT Smashes Records: $50 Billion AUM in 11 Months appeared on BitcoinEthereumNews.com.
BlackRock’s iShares Bitcoin Trust (IBIT) is rewriting the rulebook for exchange-traded funds (ETFs). Launched in early 2024, IBIT has reached a staggering $50 billion in assets under management (AUM) in just 11 months, shattering industry records. As the fastest-growing ETF in history, it’s a testament to the surging demand for Bitcoin-focused investment products and BlackRock’s unparalleled market influence. From Zero to $50 Billion in Bitcoin ETF As reported by Bloomberg on Dec. 30, reaching $50 billion in AUM this quickly is nothing short of historic. Bloomberg Intelligence’s James Seyffart has called IBIT “the fastest ETF to reach most milestones across all asset classes.” To put this into perspective, IBIT has amassed as much in assets as more than 50 European ETFs combined, many of which have been around since the early 2000s. The fund’s financial momentum is matched by its revenue potential. With a gross expense ratio of 0.25%, IBIT is projected to generate $112 million in annual inflows. It also dominates trading activity among Bitcoin ETFs, accounting for over half of their daily volumes. Since its inception, IBIT has reported outflows on only nine occasions—a rare consistency in an often-volatile market. – Advertisement – It was not a one-day decision for BlackRock to jump into the Bitcoin ETFs. Blackrock, the world’s largest asset management firm with $11 trillion under its management, only debuted in 2024 after years of battling regulations. This was quite a turn of events from the SEC in 2013 when the Winklevoss twins proposed the Bitcoin ETF with Bitcoin still trading at $100. The change came in 2023 after Grayscale Investment company won a court case against the SEC and paved the way for institutional investors including BlackRock to open Bitcoin ETFs. IBIT’s success underscores the growing divide within the financial world: while BlackRock goes in…
Filed under: News - @ January 1, 2025 6:08 pm