iShares Bitcoin Trust (IBIT) by BlackRock has become the third-largest income-generating ETF, closely trailing the top position. Since its launch in January 2024, IBIT has quickly climbed the ranks to become the third-largest asset-managed ETF within BlackRock products, with an estimated value of US$76 billion or around Rp1.229 trillion.
With an expected annual income of USD 191 million, IBIT is now only trailing behind two traditional stock ETFs, namely iShares Russell 1000 Growth ETF (IWF) and iShares MSCI EAFE ETF (EFA). The gap in asset-managed value between IBIT and these two leading BlackRock ETFs is narrowing, at just USD 9 billion each, opening up the opportunity for IBIT to emerge as the top contender in the near future.
Michael Saylor, Chairman of MicroStrategy and a strong supporter of Bitcoin, remarked, “This incredible momentum indicates that IBIT could soon surpass BlackRock’s largest stock ETFs.” He views IBIT’s success as a strong indicator of the institutional investor interest shift towards digital assets.
