BlackRock’s iShares Bitcoin Trust (IBIT) has made waves in the ETF world by surpassing every ETF launched in the past decade in terms of total assets. In just 10 months, IBIT has reached $40 billion in assets, setting a new record for the fastest accumulation of assets in an ETF at 211 days—far surpassing the previous record of 1,253 days set by another iShares ETF.
With this achievement, IBIT has already become one of the top 1% of ETFs by assets, outpacing the total assets of all 2,800 ETFs launched over the last ten years. It’s a remarkable feat considering most ETFs take years to accumulate substantial value. Additionally, IBIT stands fourth among US ETFs for 2024 inflows, attracting over $28 billion so far and being the only crypto-related ETF in the top 10.
These impressive numbers reflect the growing demand for Bitcoin exposure in mainstream investment portfolios. Investors are increasingly turning to digital asset ETFs like IBIT, indicating strong momentum behind this type of investment that could become a fixture in traditional finance.
In conclusion, BlackRock’s iShares Bitcoin Trust (IBIT) has rapidly climbed to the top 1% of ETFs by assets, setting a new standard for the industry. With its record-breaking growth and strong investor interest, IBIT’s success signals a shift towards digital asset ETFs in mainstream finance. Investors looking for exposure to Bitcoin may find IBIT an attractive option with its impressive performance in just 10 months.
