BlackRock's iShares Bitcoin Trust (IBIT) has surpassed all Bitcoin ETFs launched over the past decade in total asset value.
On November 13, Bloomberg ETF analyst Eric Balchunas said IBIT reached $40 billion in assets, just two weeks after hitting $30 billion. The achievement was achieved in a record 211 days, nearly six times faster than the previous record of 1,253 days for the iShares Core MSCI Emerging Markets ETF (IEMG).
BlackRock IBIT Assets (Source: X/Balchunas)
In just 10 months since its launch, IBIT has joined the top 1% of ETFs by assets, surpassing the combined assets of the 2,800 ETFs launched over the past 10 years – an incredible achievement given that it takes most ETFs years to accumulate significant value.
Additionally, IBIT is currently ranked fourth among US ETFs in terms of inflows by 2024, attracting over $28 billion to date, and is the only crypto-related ETF in the top 10.
Top 10 US ETFs by Inflows (Source: X/Balchunas)
These impressive numbers reflect the growing demand for Bitcoin exposure in mainstream portfolios. IBIT’s success also demonstrates the strong growth of digital asset ETFs, which could open up the prospect of their long-term presence in the traditional financial system.
Source: https://tapchibitcoin.io/bitcoin-etf-cua-blackrock-vuon-len-top-1-chi-trong-211-ngay-ky-luc.html
