BlackRock's Bitcoin fund becomes 'greatest launch in ETF history'

Quick Summary:

The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024.

IBIT now holds more assets than BlackRock’s gold ETF, the second-largest gold fund globally, even after that fund also saw strong demand this year.

IBIT and the other Bitcoin ETFs also played an outsized role in Bitcoin’s 118% year-to-date price rally.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Bitcoin fund Bitcoin BlackRock ETF sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-30 @ 22:05:55 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1026 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24743545

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Official Website: business-standard.com

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Coverage Areas: India

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