• IBIT holds over 2% of Bitcoin supply, marking a historic milestone for Bitcoin ETFs.  
• BlackRock’s IBIT raised $50B in 2024, becoming the fastest-growing ETF ever.  
• IBIT’s success helped drive Bitcoin’s price above $100,000, attracting institutional investors.

BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has achieved a remarkable milestone. It now holds over 2% of the total supply of Bitcoin that will ever exist. This comes after a successful debut year, with IBIT establishing itself as the fastest-growing exchange-traded fund (ETF) in history.

Since its launch in January 2024, the iShares Bitcoin Trust has accumulated over $50 billion in assets under management (AUM), setting a new record for a newly launched ETF.

IBIT Dominates the Bitcoin ETF Market

According to data from Farside, net inflows into IBIT were more than three times greater than those of FBTC, which recorded $12 billion in net inflows for the year. This highlights IBIT’s dominance in the Bitcoin ETF market.

Read also: Bitcoin ETFs See Outflows, But BlackRock’s iShares Trust Keeps Buying

The aggregate inflows into U.S. Bitcoin ETFs in 2024 exceeded $35 billion, with IBIT contributing significantly to this total. While other funds like Grayscale’s Bitcoin Trust (GBTC) have experienced some outflows, IBIT’s strong performance stands out.

Institutional Impact on Bitcoin’s Price Surge

As the world’s largest asset manager, with over $11 trillion in assets, BlackRock’s embrace of Bitcoin has had a major impact. It has boosted the cryptocurrency’s legitimacy and helped drive its price above $100,000 for the first time, according to Bloomberg.

The growth of IBIT, fueled by institutional capital, has allowed more investors to gain exposure to Bitcoin, contributing to its bullish trend.

IBIT’s Record-Breaking Growth

IBIT’s rapid accumulation of over $50 billion in assets in less than a year has surprised many investors. No other ETF in history has achieved this level of performance, in terms of both size and speed.

This impressive growth has earned IBIT the title of the greatest ETF launch in history, surpassing competitors across all asset classes. At its current level, IBIT is projected to generate about $112 million annually, based on its expense ratio of 0.25%.