The post Historic Debut: BlackRock’s IBIT Shatters ETF Launch Records appeared on BitcoinEthereumNews.com.

BlackRock’s iShares Bitcoin Trust (IBIT) set a record as the most successful ETF launch in history, surpassing $50 billion in assets within 11 months, dominating both spot and options markets, and fueling Bitcoin’s price surge to an all-time high. Unprecedented Growth for iShares Bitcoin Trust   The iShares Bitcoin Trust (IBIT) has set a new standard in the ETF industry, achieving over $50 billion in assets under management (AuM) within 11 months of its launch in 2024. This milestone establishes IBIT as the most successful ETF debut in history, surpassing any other product’s growth trajectory.   Bitcoin spot ETFs, introduced in January 2024, have rapidly become one of the most sought-after investment vehicles. Cumulatively, spot ETFs have attracted $35.24 billion in inflows and currently hold $106.24 billion in net assets. Among these, IBIT leads the market, recording the highest inflows and demonstrating unparalleled investor enthusiasm.   SEC Approval Spurs Bitcoin ETF Growth   The U.S. Securities and Exchange Commission (SEC) approved the first Bitcoin spot ETFs in January 2024, enabling issuers like BlackRock and Grayscale to launch their products. On January 11, 11 issuers, including BlackRock’s IBIT and Grayscale’s GBTC, began trading. Investor demand was immediate, with IBIT securing the lion’s share of inflows, cementing its dominant position.   Bloomberg Intelligence analyst James Seyffart called IBIT’s growth “unprecedented,” adding that the ETF could generate $112 million annually, based on its 0.25% expense ratio and current asset level.   Dominance Across Multiple Markets  IBIT’s success is not limited to the spot ETF market. In September, the SEC approved options trading for BlackRock’s Bitcoin spot ETF, which began on Nasdaq in November. Within a month, IBIT’s options contract recorded a 20-day average daily notional volume of $1.7 billion, ranking seventh among the most active ETF options in the market.   Todd Sohn, managing director at Strategas Securities, highlighted IBIT’s…

---

Filed under: News - @ January 1, 2025 3:09 am