Due to its speedy and monumental rise in 2024, BlackRock’s Bitcoin ETF ‘IBIT’ is reportedly the “Greatest Launch in ETF History.”
IBIT is a winner in several key aspects, raking in billions of dollars faster than any competing ETF. It has outpaced products that have been on the market for decades, propelling BlackRock’s status as a leading Bitcoin holder.
BlackRock Smashes ETF Records
After the SEC granted approval to the Bitcoin ETF in early 2024, BlackRock has been leading this massive market. With IBIT, its BTC-based offering, the firm has consistently led this new and dynamic market.
However, IBIT’s most impressive attribute has been its blinding speed, which Bloomberg ETF analyst Eric Balchunas noted in mid-December.
With IBIT, BlackRock didn’t just grow faster than competing Bitcoin products; it shot up more quickly than any ETFs across the global markets.
For example, it surpassed all regional ETFs in the European Union, some of which were 20 years old, in December. Due to this spectacular performance, Nate Geraci proclaimed IBIT the greatest of all ETF launches today.
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Author: Landon ManningDid you like this?
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