BlackRock IBIT, Overall ETF Assets Under Management Rank 23rd… 'Rapid Growth' In Just 1.4 Years Since Launch

The Bitcoin Spot ETF managed by BlackRock, IBIT, ranked 23rd among all ETFs in terms of assets under management in just 1.4 years since its launch. Bloomberg ETF analyst Eric Balchunas reported that this achievement was made at a speed about nine times faster than that of existing top-tier ETFs.

IBIT has steadily increased in size with consistent fund inflows from the early stages of its launch, attracting the attention of institutional investors with its remarkable growth trend. This is analyzed as a result of the expanding demand for cryptocurrency ETFs combined with BlackRock's strong management capabilities.