BlackRock’s iShares Bitcoin Trust (IBIT) surpassed $40 billion in net inflows within less than 13 months of its market debut, contributing significantly to its $60 billion in assets under management. This rapid ascent makes IBIT the 11th-largest iShares ETF among over 400 offerings. Notably, it has garnered approximately 21% of BlackRock's total net flows, with $34 billion flowing into IBIT in 2024 alone. Comparatively, IBIT's growth is remarkable, as the ETFs ranking above it have been on the market for an average of 19 years. Experts speculate that IBIT could potentially outgrow the largest gold ETF, the SPDR Gold Shares (GLD), but surpassing the largest broad-based equities ETFs will require substantial increases in Bitcoin's price and investor allocations. The recent success of IBIT exemplifies a robust interest and investment trend in Bitcoin ETFs.

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