BlackRock’s Bitcoin ETF Nears $100 Billion in Assets, Proving Rapidly Successful

BlackRock’s iShares Bitcoin Trust (IBIT), the firm’s top-performing ETF, is poised to surpass the $100 billion asset mark just 22 months after launch. The fund has generated nearly $245 million in fees over the past year and already outpaces other successful BlackRock ETFs such as the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by a considerable margin. IBIT’s rapid growth comes despite long-established funds in the market, highlighting its remarkable ascent.