The ETF Store President: BlackRock's Bitcoin Fund is "the greatest launch in ETF history"

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Cointime2024/12/30 15:44

By:Cointime

iShares, a subsidiary of BlackRock, offers over 1400 ETFs worldwide, but none of them can compare to its Bitcoin ETF. The iShares Bitcoin Trust Fund (IBIT) broke industry records when it was launched in 2024. In just 11 months, its assets under management grew to over $50 billion. Todd Sohn, ETF and technical strategy director at Strategas Securities, noted in a report that IBIT's size is now equivalent to the total assets managed by more than 50 ETFs focused on the European market, many of which have existed for over 20 years. Nate Geraci, President of consulting firm The ETF Store, called it "the greatest launch in ETF history." With its current asset size and 0.25% expense ratio, IBIT is expected to earn about $112 million annually.

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