BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi

BlackRock’s IBIT Bitcoin ETF is now a top 25 global ETF by assets in just 1.4 years. IBIT holds $68.83B in assets & 660,842 BTC, ranking as the #2 Bitcoin holder globally. Low fees and institutional trust drive IBIT’s strong lead over competitors like FBTC, GBTC. BlackRock’s iShares Bitcoin Trust (IBIT) has climbed the ranks in the exchange-traded fund (ETF) world at an incredible speed. Just 1.4 years into its launch and IBIT has already landed a spot among the top 25 largest ETFs globally when measured by assets. That’s a major accomplishment, especially since it’s more than a decade younger than any other fund on that top-tier list. To put it in perspective, as noted by Bloomberg Intelligence’s Eric Balchunas, IBIT is like an infant mingling with financial veterans. But this “infant” is growing fast, powered by investor demand for Bitcoin exposure in a regulated and cost-efficient wrapper. Here's a table of the Top 25 biggest ETFs and their age. At 1.4 yrs old $IBIT is youngest on list by NINE times. It's like an infant hanging out with teenagers and twenty-somethings. Quite poss the most insane IBIT stat yet (and there are many) via @SirYappityya… The post BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi appeared first on Coin Edition .