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Home News Crypto

BlackRock’s Bitcoin ETF Shatters Records with $50 Billion AUM in First Year

by Team Lumida
December 31, 2024
in Crypto
Reading Time: 2 mins read
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a bitcoin sitting on top of a pile of money

Photo by Aleksi Räisä on Unsplash

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Key Takeaways:

Powered by lumidawealth.com
• IBIT accumulated $50 billion AUM in record time, surpassing traditional ETFs
• Fund generates estimated $112 million annual revenue at 0.25% expense ratio
• BlackRock’s entry helped drive Bitcoin price above $100,000
• Options trading volume averages $1.7 billion daily, leading crypto ETF market

What Happened?

BlackRock’s iShares Bitcoin Trust (IBIT) has become the most successful ETF launch in history, accumulating over $50 billion in assets within 11 months. The fund reached this milestone five times faster than the previous record holder and now holds more assets than BlackRock’s gold ETF. The launch followed a significant legal victory by Grayscale Investments over the SEC, paving the way for spot-Bitcoin ETFs in the US.

Why It Matters?

This unprecedented success represents a watershed moment for both the ETF industry and cryptocurrency adoption. BlackRock’s entry, with its $11 trillion in total assets under management, has legitimized Bitcoin as an institutional investment asset. The fund’s success has helped drive Bitcoin’s price above $100,000 and demonstrated strong institutional demand for regulated crypto investment vehicles. The contrast with Vanguard’s decision to avoid crypto products highlights a growing divide in traditional finance’s approach to digital assets.

What’s Next?

IBIT is positioned to potentially surpass SPDR Gold Shares as the largest commodity ETF in 2025. The robust options trading market suggests growing sophistication in Bitcoin investment strategies. Investors should watch for potential expansion into other cryptocurrency products, competitive responses from other asset managers, and the impact on Bitcoin’s price and market structure. The success of IBIT may also influence regulatory attitudes toward other cryptocurrency investment products.

Source
Tags: Bitcoin
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018