Ahmet Bedirhan Arvas 
BlackRock, currently the largest asset management company in the world, is now aiming for the top in the Bitcoin ETF race as well. Recently, an important development occurred that directly affected both fund investors and the institution itself. The Bitcoin ETF has surpassed more than 1,400 of BlackRock’s existing funds, becoming the company’s biggest revenue generator. BlackRock’s Bitcoin ETF was listed in January 2024 under the ticker IBIT. Following its debut, it grew at a pace never before seen in financial history, once again proving both Wall Street’s and the crypto ecosystem’s massive scale.
IBIT Breaks Records in Just 341 Days!
Since its launch, IBIT has been flooded with intense demand from institutional investors. BlackRock’s ETF reached a size of 70 billion dollars in just 341 days, making it one of the fastest-growing ETFs in history. According to current data, IBIT’s net assets are now hovering around 70.7 billion dollars.
This growth is not seen merely as a result of Bitcoin’s price movements. At the same time, it clearly shows the rising interest of banks, funds, family offices, and institutional investors in BTC.
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Bitcoin ETF Becomes the Company’s Largest Revenue Source!
São Paulo hosted a Blockchain Conference where Brazil’s Business Development Director Cristiano Castro made the following statement:
We must acknowledge that Bitcoin ETFs have become the top revenue generator within the company. BlackRock’s Bitcoin ETF allocations are approaching 100 billion dollars. Even for a giant managing a total of 13.4 trillion dollars, this is an unexpected surprise. “We were optimistic during the launch, but we did not expect to reach this scale,” he added.
BlackRock Holds Over 3% of the Total Bitcoin Supply
IBIT — BlackRock’s Bitcoin ETF — has grown unexpectedly fast thanks to the company’s global distribution power and the strong confidence of institutional investors. The fund currently holds more than 3% of the total Bitcoin supply. Additionally, its support from international ETPs and other BTC-linked BlackRock products makes it stand out even more.
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