BlackRock’s iShares Bitcoin Trust ETF (IBIT) has delivered remarkable gains since its debut, outpacing most traditional assets and solidifying its position as one of the most successful ETF launches.

Indeed, IBIT’s returns have soared despite persistent turbulence in the broader Bitcoin (BTC) market.

At the close of the last session, IBIT was trading at $51.55, reflecting a 106.45% gain from its launch price. This means the ETF has more than doubled since hitting the market in early 2024.

For early investors, the returns are impressive. In this case, a $100 investment at launch, when the ETF traded around $24, would now be worth approximately $206.45.

Notably, IBIT’s performance has closely mirrored Bitcoin’s broader momentum but has also benefited from strong institutional adoption. 

IBITs’ success 

BlackRock’s expanding crypto strategy, supported by consistent inflows earlier this year, has helped the ETF cement its role as a gateway for traditional investors seeking exposure to digital assets.

Indeed, the success of IBIT has had a direct impact on the world’s largest investment manager. To this end, BlackRock’s Bitcoin ETFs have quickly emerged as a top revenue source, surprising many given the firm manages over 1,400 ETFs and $13.4 trillion in assets. 

The US-listed spot Bitcoin ETF has amassed $70 billion in assets in just 341 days, generating an estimated $245 million in annual fees.

At the same time, IBIT now holds more than 3% of Bitcoin’s total supply, while BlackRock’s Strategic Income Opportunities Portfolio has boosted its stake in the ETF by 14%, signaling confidence in continued growth.

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