PANews reported on December 30 that according to Bloomberg, BlackRock's iShares division offers more than 1,400 ETFs worldwide, but none of them can perform as well as its Bitcoin ETF. The iShares Bitcoin Trust (IBIT) broke industry records when it was launched in 2024. In just 11 months, its assets swelled to more than $50 billion.
Todd Sohn, managing director of ETF and technical strategy at Strategas Securities, noted in a report that IBIT has swelled to the size of more than 50 European-focused ETFs, many of which have been around for more than 20 years. Nate Geraci, president of consulting firm The ETF Store, called it "the greatest launch in ETF history." As Bloomberg Intelligence analyst James Seyffart put it: "IBIT's growth has been unprecedented. It is the fastest ETF to reach most milestones, faster than any other ETF in any asset class." He added that at its current asset size and 0.25% expense ratio, IBIT is expected to earn about $112 million per year.
Adoption by the world’s largest investment firm, with more than $11 trillion in assets under management, helped push bitcoin prices above $100,000 for the first time, attracting both institutional and once-skeptical individual investors.
