Raising over 50 billion US dollars in less than a year of listing! BlackRock IBIT is hailed as the most successful issuance in ETF history

Asset management giant BlackRock's iShares currently manages over 1,400 ETF products worldwide. Despite having an extremely rich product line, there is no ETF that can match the brilliant performance of the iShares Bitcoin Trust (IBIT). This BTC Spot ETF has attracted over $50 billion in less than a year since its listing, not only reshaping the ETF market at an unprecedented rate but also redefining BTC's position in the financial market, hailed by Bloomberg as the most successful ETF issuance in history.

Unparalleled growth rate

According to ETF experts, since the approval for listing in January 2024, BlackRock IBIT has attracted astonishing capital inflows in less than a year, with assets under management surpassing $50 billion within 11 months, surpassing the total assets of over 50 ETF products that have been operating for many years in the European market. Few funds can attract capital at such a rapid pace.

Bloomberg ETF analyst James Seyffart pointed out:

IBIT's growth rate is unprecedented. It is not only the leader in BTC ETF, but also the most successful first issuance case in all asset class ETFs.

He added that, based on the current asset size and management fee (0.25%), IBIT is expected to earn approximately $112 million per year.

BTC moves towards mainstream

The success of IBIT not only creates a new benchmark for the ETF market, but also becomes a catalyst for the soaring price of Bitcoin, helping Bitcoin break through the $100,000 mark for the first time this year.

With over $11 trillion in assets under management, BlackRock extends its financial influence to the cryptocurrency market, driving BTC into the mainstream investment portfolio. The market effect is evident, with a total size of $107 billion for 12 BTC Spot ETFs in the United States.

Will IBIT challenge the dominance of the gold ETF?

IBIT not only leads in terms of asset size but also becomes the first BTC ETF to launch options trading. Since the launch of options trading in November 2024, IBIT has achieved a daily trading volume of up to $1.7 billion, far surpassing other similar products.

IBIT has become the largest BTCSpot ETF in terms of asset size, with a scale of $50 billion achieved in just 11 months, which is 5 times faster than the second-ranked iShares Core MSCI EAFE ETF, a product of BlackRock. Even more impressive is that the asset size of IBIT has surpassed BlackRock's gold ETF (the second largest in the world).

The president of The ETF Store, Nate Geraci, believes that unless the price of BTC plummets, IBIT is expected to surpass the current world's largest gold ETF, SPDR Gold Shares, and become the absolute dominant player in the investment commodity market by 2025. This not only means that the recognition of BTC as an asset will further increase, but also signifies that the cryptocurrency market is officially entering the mainstream financial stage.

<Less than a year after listing, it has attracted over 50 billion US dollars! BlackRock IBIT is hailed as the most successful ETF issuance in history>. This article was first published in Blockcast.