"IBIT, as the fund is known, has become shorthand in the ETF industry for the crypto category given its size-and the pace at which it attained it. Its assets are on track to hit the $100 billion milestone about five times faster than any other ETF in history, with money pouring in from both retail and institutional investors. Moreover, it's "by far the youngest" of the 20 largest ETFs, with the rest having taken years to achieve their super-large loads, the BI analysts wrote."
"The race to $100 billion has been aided by Bitcoin's surge to an all-time high - over the weekend, the digital coin crossed above $125,000 for the first time. The cryptocurrency has soared more than 70% in the wake of Donald Trump's November electoral win after the president campaigned on greater crypto acceptance. The administration has pushed forward initiatives to help bring digital assets further into the mainstream while feeding investors' appetite for the class."
BlackRock's Bitcoin ETF IBIT is approaching $100 billion in assets due to massive inflows and a recent rally in Bitcoin, making it the firm's top revenue generator. The fund charges a 0.25% fee and yields estimated annual revenue exceeding $240 million despite being less than two years old. IBIT reached its scale far faster than any prior ETF and draws both retail and institutional investors. Bitcoin's surge—amplified by political developments and administration initiatives favoring crypto—has supported the fund's growth. The ETF faced criticism before launch but still attracted substantial demand and flows.
Read at Fortune Crypto
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