Blackrock’s IBIT becomes fastest growing ETF in history

Blackrock’s Ishares Bitcoin Trust (IBIT) has achieved unprecedented success, marking it as the fastest-growing exchange-traded fund (ETF) in history.

According to Bloomberg, IBIT has amassed over $50 billion in Bitcoin holdings, valued at $52.4 billion as of December 30, 2024, representing 552,554.76 BTC (CRYPTO:BTC).

The fund’s rapid growth has been lauded as the “greatest launch in ETF history.”

Nate Geraci, president of The ETF Store, described IBIT as setting a new standard in ETF performance, with $37.31 billion in positive net inflows since its debut on January 11, 2024.

Blackrock’s remarkable achievement comes amid the asset manager’s record $11.5 trillion in assets under management, bolstered by strong market conditions and net inflows by the end of Q3 2024.

The success of IBIT has been a focal point for analysts, with Bloomberg Intelligence’s James Seyffart noting, “It’s the fastest ETF to reach most milestones, faster than any other ETF in any asset class.”

The rise of IBIT contrasts sharply with the performance of Grayscale’s Bitcoin Trust (GBTC), which has experienced $21.35 billion in outflows after transitioning from an over-the-counter (OTC) product to a public ETF.

Despite this, GBTC and other Bitcoin-related funds have collectively contributed to a reshaping of the market.

Blackrock’s ETPs, including IBIT, continue to dominate the financial landscape alongside products like the Ishares Core SP 500 ETF (IVV) and Ishares Core U.S. Aggregate Bond ETF (AGG).

The success of IBIT highlights a growing acceptance of Bitcoin among investors and raises questions about the future role of Bitcoin in diversified portfolios.

At the time of reporting, the Bitcoin price was $92,467.88.