BlackRock’s IBIT Bitcoin ETF is the largest ETF launch in history After rapid acceptance by investors triggered a net inflow of billions of dollars within a year.
After an impressive market debut year, Bitcoin spot exchange-traded funds (ETFs) are among the most prominent investment vehicles in the global market. She saw the immediate impact of the funds record a cumulative inflow of $35.24 billion and a net worth of $106.24 billion.
However, the iShares Bitcoin Trust (IBIT) stands out among these funds. The ETF’s herculean performance 12 months after its market debut has made it the largest launch in ETF history.
A Bloomberg report highlighted the impressive one-year performance of the BlackRock Bitcoin ETF and how its entry into the market changed the history of the pioneering cryptocurrency Bitcoin.
The fastest growing ETF in history
Recall that in January, the US Securities and Exchange Commission finally approved the launch of spot ETFs tracking the performance of Bitcoin. On the 11th of the same month, 11 issuers started Trading, including BlackRock’s IBIT and Grayscale’s GBTC.
The rest is history, as the funds immediately caught on with U.S. investors. However, IBIT saw the most inflows, with strong heat driving up the issuer’s cumulative net inflows beyond the $50 billion valuation in less than a year.
Notably, the relentless inflow of capital resulted in BlackRock’s IBIT becoming the fastest-growing ETF in history, surpassing the success of its own iShares Core MSCI EAFE ETF. Interestingly, the Bitcoin ETF reached the $50 billion mark five times faster than the index fund tracker, which…
