Blackrock’s place Bitcoin exchange-bound IBIT has become the third highest income-generating ETF of the Asset Manager, only 18 months after the launch, according to the launch, according to the launch Data shared By Bloomberg senior ETF analyst Eric Balchunas.
Strategy chairman Michael Saylor responded to the milestone by predicting that IBIT will soon become the number one income-generating ETF of BlackRock.
The IBIT fund has around $ 76 billion in assets and a cost ratio of 0.25%, with an estimated $ 191 million in annual turnover.
The income places it behind only BlackRock’s Ishares Russell 1000 Growth ETF (IWF), which generates around $ 211 million, and the Ishares MSCI Eafe ETF (EFA), which generates around $ 207 million.
A separate Bloomberg news report noted that IBIT has now only removed $ 9 billion in assets from the catching up of IWF to become BlackRock’s best income-generating ETF from its line-up of more than 1,100 funds.
According to Balchunas:
“Just an insane stat for a 1.5-year-old (literally a baby) ETF.”
IBIT was launched in January 2024 in addition to other place Bitcoin ETFs approved by the US Securities and Exchange Commission.
Within a few days after his debut, IBIT became the fastest ETF in history to cross $ 2 billion in inflow, to surpass traditional market leaders and to establish several records for subscriptions in the first week.
By six months, the fund had already grown to more than $ 50 billion in assets, which is a reflection of the accelerating institutional and retail demand to regulated Bitcoin exposure.
According to the Bloomberg report, IBIT’s performance emphasizes the growing integration of Bitcoin into traditional portfolios, which reflects the process of Golden ETFs over the past two decades.
The product was held on a large scale by financial advisers, business treasury and hedge funds who are looking for liquid, regulated exposure to Bitcoin without the complexity of direct custody.
