BlackRock's Bitcoin ETF 'IBIT' has reached monumental success in 2024, lauded as the "Greatest Launch in ETF History." It attracted billions swiftly, outperforming longstanding ETFs, securing BlackRock's lead in Bitcoin holdings.
SEC approval catapulted IBIT into dominance, with Eric Balchunas noting its remarkable speed. IBIT surpassed ETFs worldwide, including those in the EU, leading Nate Geraci to call it the greatest ETF launch.
James Seyffart emphasized IBIT's unprecedented growth, expecting $112 million annual earnings. Despite Bitcoin's price corrections, BlackRock's decade-long Bitcoin optimism positions it advantageously for the future market expansion.
