TechFlow news, December 30 — According to Bloomberg, BlackRock's iShares division offers more than 1,400 ETFs globally, yet none of them come close to matching the performance of its Bitcoin ETF. The iShares Bitcoin Trust (IBIT) surpassed $50 billion in assets under management just 11 months after launching in 2024.
Todd Sohn, managing director of ETF and technology strategy at Strategas Securities, noted in a report that IBIT’s size has grown to equal the combined assets of over 50 ETFs focused on European markets—many of which have existed for more than 20 years.
Nate Geraci, president of consulting firm The ETF Store, called it "the greatest ETF launch in history." Bloomberg analyst James Seyffart said, "IBIT’s growth is unprecedented. It has reached every major milestone faster than any other ETF across any asset class." He added that with its current asset base and a 0.25% fee ratio, IBIT is expected to generate approximately $112 million annually.
