BlackRock’s iShares Bitcoin Trust (IBIT) has become the asset manager’s most profitable ETF, generating more than $244 million in annual revenue and approaching the $100 billion milestone in assets under management.
According to Bloomberg analyst Eric Balchunas, IBIT’s growth pace is unprecedented—it reached this level in just 435 days, far faster than any ETF in history. By comparison, Vanguard’s S&P 500 ETF (VOO) took 2,011 days to hit the same mark.
IBIT now surpasses long-standing BlackRock products such as the iShares Core S&P 500 ETF (IVV) and Russell 1000 Growth ETF (IWF).
Analysts, including those at Standard Chartered, expect Bitcoin’s price could soar to $200,000 this year, reinforcing investor enthusiasm for IBIT.
The fund’s meteoric rise showcases the growing institutional embrace of Bitcoin within traditional finance and marks a pivotal shift in how investors view digital assets—as both a store of value and a legitimate portfolio component.
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