BlackRock's Bitcoin ETF Surges to $10 Billion

ETF Outpaces All Others in Market History

BlackRock's Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has reached $10 billion in assets under management faster than any other ETF in U.S. history. Launched in January 2024, IBIT has benefited from a rally in bitcoin prices and the growing popularity of cryptocurrencies among investors.

To help promote the ETF, BlackRock will waive a portion of the Sponsors Fee for the first 12 months commencing on January 11 2024 so. IShares Bitcoin Trust IBIT by BlackRock gives you a convenient cost-effective and secure direct investment in bitcoin through the familiarity of an ETF.

Since its approval by the SEC in 2024, BlackRock's spot bitcoin ETF has taken in $167 billion, putting it less than $1 billion behind market leader Grayscale FT. The ETF's success highlights the growing interest in bitcoin and other cryptocurrencies among institutional investors.

IBIT's rapid growth is a testament to BlackRock's expertise in managing ETFs and its ability to meet the needs of investors. The ETF provides a convenient and cost-effective way for investors to gain exposure to bitcoin, and its success is likely to continue as the cryptocurrency market continues to grow.