{"id":44502,"date":"2025-01-03T07:35:37","date_gmt":"2025-01-03T07:35:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-bitcoin-etf-achieves-unprecedented-growth-in-2024\/"},"modified":"2025-01-03T07:35:37","modified_gmt":"2025-01-03T07:35:37","slug":"blackrocks-bitcoin-etf-achieves-unprecedented-growth-in-2024","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-bitcoin-etf-achieves-unprecedented-growth-in-2024\/","title":{"rendered":"BlackRock’s Bitcoin ETF Achieves Unprecedented Growth in 2024"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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BlackRock\u2019s Bitcoin (BTC)<\/a> exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has reached a monumental milestone. Just 11 months after its launch, the ETF has surpassed $50 billion in assets under management (AUM), setting a new record for ETF debuts. This rapid rise has earned it recognition as one of the most successful ETF launches in history.<\/p>\n

A Record-Breaking Launch<\/strong><\/h2>\n

According to Bloomberg, no other ETF has debuted with a stronger performance than IBIT. Todd Sohn, managing director of ETF and technical strategy at Strategas Securities, highlighted that IBIT\u2019s current AUM is now greater than the combined assets of over 50 European market-focused ETFs, most of which have been established for decades. This rapid growth is a testament to the growing investor interest in Bitcoin and its potential for returns.<\/p>\n

Nate Geraci, president of advisory firm The ETF Store, called IBIT\u2019s launch \u201cthe greatest launch in ETF history.\u201d This statement reflects the extraordinary pace at which the fund has gained traction in the market.<\/p>\n

IBIT\u2019s asset growth has been nothing short of extraordinary. Bloomberg Intelligence analyst Eric Balchunas pointed out that IBIT reached $50 billion in assets five times faster than BlackRock\u2019s iShares Core MSCI EAFE ETF, which took almost four years to achieve the same milestone. The Bitcoin ETF\u2019s performance has also surpassed that of BlackRock\u2019s iShares Gold ETF, the world\u2019s second-largest gold fund.<\/p>\n

The fund\u2019s growth has been fueled by strong inflows, with IBIT seeing $37 billion in net inflows last year alone. As long as Bitcoin\u2019s price remains stable, Geraci believes that IBIT could surpass SPDR Gold Shares, the largest gold ETF, by 2025.<\/p>\n

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350% or 5BTC + 150 Spins!<\/strong><\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

James Seyffart, an analyst at Bloomberg Intelligence, predicts that IBIT could generate around $112 million annually based on its current asset level and an expense ratio of 0.25%.<\/p>\n

\u201cIBIT\u2019s growth is unprecedented. It\u2019s the fastest ETF to reach most milestones, faster than any other ETF in any asset class,\u201d<\/em> said Geraci, emphasizing the ETF\u2019s extraordinary success.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) BlackRock\u2019s Bitcoin (BTC) exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has reached a monumental milestone. Just 11 months after its launch, the ETF has surpassed $50 billion in assets under management (AUM), setting a new record for ETF debuts. This rapid rise has earned it […]<\/p>\n","protected":false},"author":34,"featured_media":44503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44502"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44502"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44503"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}