Published on 31 Dec 2024 on Benzinga
The iShares Bitcoin Trust ETF IBIT by BlackRock Inc. BLK, which debuted earlier this year, has become the most successful exchange-traded fund launch in history, a report said Monday.
What Happened: The investment vehicle, which tracks the spot price of the world’s biggest cryptocurrency Bitcoin BTC/USD, exceeded $50 billion in assets under management within its debut year, an unprecedented feat in the 30-year history of ETFs, according to Bloomberg.