ETF for Blackrock’s Bitcoin is already the most profit

ISHARES Bitcoin Trust (IBIT) from Blackrock Bitcoin Trust is the most traded box in asset management, just 21 months after launching products that generate revenues for more than two decades.

Ibit “Poetry away from $ 100 billion” in management assets, and now generates about 244.5 million dollars of Blackrock annual revenue, Bloomberg Analyst Eric Balunas Tweet Monday.

“Check the ages of the remaining ten. Bitcoin etf List, including ISHARES Russell 1000 Growth Etf, and ETF ISHARES MSCI EAFE.

“Ibit is the most profitable product of the largest source of investment funds in the world, clearly shows the volume of demand from institutions and retail trade, and this teacher must eliminate any doubt about the appetite of the risk for Bitcoin,” said Pratik Kala, head of research at APOLLO Crypto, said. Decipher.

As of Monday, IPit kept $ 98.47 billion of assets across 1.38 billion shares with 0.25 % fees, on the right track to reach $ 100 billion in just 435 days, much faster than Vanguard’s S & P 500 ETF, which lasted 2011.

Jagdish Pandya, founder of Blockon Ventures said, ” Decipher The comparison of the Bitcoin’s investment funds with traditional investment funds are “injustice to old asset categories”.

Discounts of contrast to Bitcoin The structural advantages, noting that the traditional assets have “higher supply, no scarcity, low returns, no financial disruption”, and thus “have no opportunity to excel the investment funds circulated in Bitcoin.”

Pandia argued that that was Bitcoin price To the top million dollars at the end, “all ETF comparisons will stop”, adding that the investment funds circulating in Bitcoin “will appear” as a clear and more profitable leader than the contracts dating back. “

Bitcoin is currently trading of about $ 124,500, and an apartment is trading a day after a New at all More than 126,000 dollars earlier in the week, for all Coingecko data.

Last week, IBIT recorded $ 1.8 billion out of a total of $ 3.2 billion in total flows in the United States in Bitcoin’s investment funds in the second largest week ever, according to Farside Investors data.

The performance came at a time when investment products are associated with Crypto Saw Huge flows of $ 5.95 billion in the world Last week, according to the Coinshares report.

Roshier Gupta, co -founder of Gyold Finance, said of concerns about the potential market decline Decipher Although Bitcoin’s association with risk markets can push external flows during the decline in stocks, “Bitcoin has opened up to a much larger investor base, part of which is long -term sticky holders.”