The IBIT Success Story
Launch Date: January 2024 Assets Under Management: $50+ billion in first year Record Breaking: Fastest ETF to reach $10B, $20B, $30B, $40B, $50B AUM Significance: Validated bitcoin as an institutional asset class BlackRock's entrance into bitcoin is significant not just because of IBIT, but because of what they will do next: integrating bitcoin into their mutual fund complex . BlackRock manages trillions in target date funds for 401(k)s. Adding even 1-2% bitcoin allocation would create massive demand.
From: Bitcoin for Institutions