BlackRock's Bitcoin ETF, IBIT, hit $50B in assets in 11 months, driving Bitcoin's price above $100K.

In 2024, BlackRock's iShares Bitcoin Trust (IBIT) became the fastest-growing ETF in history, reaching over $50 billion in assets within 11 months. This launch marked a significant shift, attracting institutional investors and boosting Bitcoin's price above $100,000 for the first time. The success of IBIT and other Bitcoin ETFs contributed to a 118% year-to-date price rally for Bitcoin, reshaping the cryptocurrency landscape.

3 months ago
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