BlackRock’s Bitcoin ETF Marks the Greatest Launch in Stock Exchange History

BE[IN]CRYPTO2024-12-31

IBIT achieved record-breaking growth, surpassing decades-old ETFs in both speed and assets under management. BlackRock's Bitcoin ETF options trading exceeded $425 million on its first day, showcasing ...

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It has outpaced products that have been on the market for decades, propelling BlackRock’s status as a leading Bitcoin holder.However, IBIT’s most impressive attribute has been its blinding speed, which Bloomberg ETF analyst Eric Balchunas noted in mid-December.However, the firm has been bullish on Bitcoin for most of the last decade, and some of its executives expect that the market will grow to trillions. The company’s inve","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BRRR":"Valkyrie Bitcoin Fund","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","BK4585":"ETF&股票定投概念","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","GBTC":"Grayscale Bitcoin Trust","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","HODL":"VanEck Bitcoin Trust ETF","BTCO":"Invesco Galaxy Bitcoin ETF","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","BTCW":"WisdomTree Bitcoin Fund","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","FBTC":"Fidelity Wise Origin Bitcoin Fund","BK4504":"桥水持仓","BLK":"贝莱德","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","BK4135":"资产管理与托管银行","BITB":"Bitwise Bitcoin ETF","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","DEFI":"Hashdex Bitcoin ETF","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","BITO":"ProShares Bitcoin ETF","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","IBIT":"iShares Bitcoin Trust","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","FDN":"First Trust Dow Jones Internet I","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","BK4567":"ESG概念","LU1481011671.HKD":"FIDELITY GLOBAL DIVIDEND \"A\" (HKDHDG) INC","BK4534":"瑞士信贷持仓","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4594":"比特币ETF概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1481011911.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USDHDG) INC","EZBC":"Franklin Bitcoin ETF","BK4588":"碎股","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD"},"translate_title":"贝莱德的比特币ETF标志着证券交易所历史上最伟大的推出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITO":1,"IBIT":1,"HODL":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"BLK":1,"BRRR":1,"BITB":1},"content_text":"IBIT achieved record-breaking growth, surpassing decades-old ETFs in both speed and assets under management.\nBlackRock's Bitcoin ETF options trading exceeded $425 million on its first day, showcasing immense market demand.\nWith an expense ratio of 0.25%, IBIT is projected to generate $112 million annually, solidifying its financial strength.\n\nDue to its speedy and monumental rise in 2024, BlackRock’s Bitcoin ETF ‘IBIT’ is reportedly the “Greatest Launch in ETF History.”\nIBIT is a winner in several key aspects, raking in billions of dollars faster than any competing ETF. It has outpaced products that have been on the market for decades, propelling BlackRock’s status as a leading Bitcoin holder.\nBlackRock Smashes ETF Records\nAfter the SEC granted approval to the Bitcoin ETF in early 2024, BlackRock has been leading this massive market. With IBIT, its BTC-based offering, the firm has consistently led this new and dynamic market. \nHowever, IBIT’s most impressive attribute has been its blinding speed, which Bloomberg ETF analyst Eric Balchunas noted in mid-December.\nBlackRock Bitcoin ETF Performance. Source: Eric Balchunas\nWith IBIT, BlackRock didn’t just grow faster than competing Bitcoin products; it shot up more quickly than any ETFs across the global markets. \nFor example, it surpassed all regional ETFs in the European Union, some of which were 20 years old, in December. Due to this spectacular performance, Nate Geraci proclaimed IBIT the greatest of all ETF launches today. \n\n“IBIT’s growth is unprecedented. It’s the fastest ETF to reach most milestones, faster than any other ETF in any asset class. At the current asset level and an expense ratio of 0.25%, IBIT can expect to earn about $112 million a year,” claimed James Seyffart, another leading ETF analyst. \n\nIn several critical metrics, BlackRock is indisputably the ETF leader. After the OCC approved Bitcoin ETF options trading in November, IBIT options sales surpassed $425 million on the first day. \nAdditionally, BlackRock has been buying huge amounts of Bitcoin, even exceeding the other ETF issuers. Because of this, the firm is one of the leading BTC holders worldwide.\nAt the moment, the price of Bitcoin is seeing notable corrections, and BlackRock will have to deal with this market reality. \nHowever, the firm has been bullish on Bitcoin for most of the last decade, and some of its executives expect that the market will grow to trillions. The company’s investment into the crypto space has paid off, and BlackRock is in a great position to move forward.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2495689106"}