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Blackrock’s Spot Bitcoin Exchange traded fund Go became the third highest ETF manager manager of asset manager just 18 months after his launch, according to his Shared data from Bloomberg Senior ETF analysts Eric Balchunas.
Strategy Chairman Michael Saylor He replied to a milestone by predicting that iBit would soon become black -ETF generating income number one.
IBit fund has approximately $ 76 billion And the cost ratio of 0.25%, which generates an estimated $ 191 million in annual income.
It will only be placed for Blackrock’s Ishares Russell 1000 Growth ETF (IWF), which generates around $ 211 million, and Ishares MSCI EAFE ETF (EFA) generating about $ 207 million.
A separate report by Bloomberg News said that IBIT is now only $ 9 billion in assets since IWF overtaking to become a top Blackrock ETF from its line -up of more than 1100 funds.
According to Balchunase:
“Just another mad stat for 1.5 -year -old (literally infant) ETF.”
The iBit started in January 2024 along with other point Bitcoin ETFs approved by the US Securities and Exchange Commission.
Within a few days of its debut, Ibit has become the fastest ETF in history that exceeded $ 2 billion, overcame the traditional market leader and Set up multiple records for the first week’s subscription.
Thanks to its six -month -old, the fund has increased to more than $ 50 billion, reflecting the acceleration of institutional and retail demand for a regulated Bitcoin exposure.
According to the Bloomberg report, the performance of IBIT emphasizes the growing integration of bitcoins into traditional portfolios and has been reflecting the Gold ETF trajectory over the last two decades.
The product was widely adopted Financial advisors, corporate cash registers and hedge funds seeking liquid regulated the exposure to bitcoin without the complexity of direct links.
