BlackRock’s Bitcoin ETF Hits Another Major Milestone

As a seasoned researcher who has witnessed the evolution of the financial market over two decades, I must admit, I’ve rarely seen such a meteoric rise as that of BlackRock’s Bitcoin ETF. The pace at which it shattered records and entered the elite club of top ETF products is simply breathtaking. It’s like watching Usain Bolt in the 100-meter dash, but instead of running a race, we’re talking about building a financial juggernaut.


Based on information from SoSoValue, the total assets for BlackRock’s Bitcoin exchange-traded fund (ETF) have now exceeded $40 billion.

As a researcher, I’m thrilled to share that the remarkable progress made by our product surpassed expectations, reaching a groundbreaking milestone in only 211 days. Previously, the record for this feat was held by the iShares Core MSCI Emerging Markets ETF (IEMG), which had maintained its position for an impressive 1,253 days. Now, our product has broken that record, demonstrating its potential and rapid growth trajectory.

Remarkably, within only ten months since its launch, the IBIT ETF has managed to secure a place among the top 1% of all Exchange Traded Fund (ETF) products in terms of total assets. This observation was made by well-known ETF analyst Eric Balchunas.

Balchunas found it challenging to find a suitable sports analogy to express the extraordinary achievements of Bitcoin Exchange Traded Funds.

In a recent social media post, Balchunas joked about finding an apt sports metaphor, such as Tiger Woods in ’96 or Michael Jordan in his rookie year, but he noted that these comparisons might not be fitting given the incredible pace at which records are being shattered, just 10 months into the game.

The high-flying Bitcoin ETF is already bigger than 2,800 ETFs launched over the past 10 years.

On November 12th, IBIT recorded a new inflow of approximately $817 million. The total net inflows for IBIT are nearing the $30 billion milestone.

Exchange-traded funds (ETFs) based in the U.S. have been experiencing a rollercoaster journey recently. In just one week, an astounding $67 billion has flowed into these investment products. If this trend continues, they are expected to shatter the existing annual record of $910 billion and potentially reach over $1 trillion in assets under management, as suggested by Balchunas.

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2024-11-13 18:01