Share

BlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 days

BlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 days

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

 

 

 

BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed every exchange-traded fund (ETF) launched in the past decade in terms of total assets.

 

On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in assets— just two weeks after hitting $30 billion. This achievement came in a record 211 days, almost 6x lower than the previous record of 1,253 days set by the iShares Core MSCI Emerging Markets ETF (IEMG).

 

 

BlackRock's IBIT
BlackRock’s IBIT Assets (Source: X/Balchunas)

 

 

At just 10 months old, IBIT has already become one of the top 1% of ETFs by assets. It has surpassed the total assets of all 2,800 ETFs launched over the last ten years, a remarkable achievement considering most ETFs take years to accumulate substantial value.

 

Meanwhile, IBIT also stands fourth among US ETFs for 2024 inflows, having attracted more than $28 billion so far. It is the only crypto-related ETF in the top 10.

 

 

Top 10 US ETFs by Inflows
Top 10 US ETFs by Inflows (Source: X/Balchunas)

 

 

These impressive numbers highlight the increasing demand for Bitcoin exposure in mainstream investment portfolios. Its success also suggests strong momentum behind digital asset ETFs, which may become a lasting fixture in traditional finance.

Translate & Edit: P2E Game

Welcome to P2E GAME

Hearing the echoes from Metaverse.

Blockchain Games list | NFT Games lists | Crypto Games list | Play to Earn Games List
Bookmark 0
Bookmark
Not-liked 0
Like
Reviews
Reply
Latest
Discover what matters to you
  • NFT
  • GameFi
  • Industry News
  • Launchpad
  • Airdrops
  • Insight
  • Region News
  • Weekly Overview
  • Editors' Picks
  • Partnership
No corresponding news is found