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      tldr; BlackRock’s iShares Bitcoin Trust (IBIT) has become the firm’s most profitable ETF in under two years since its launch in early 2024. The ETF has delivered returns of around 300%, with assets reaching $88 billion, making it the 20th-largest ETF in the U.S. and the seventh-largest in BlackRock’s lineup. The success of IBIT reflects growing institutional interest in Bitcoin, which recently hit a record high above $123,000. Demand for Bitcoin ETFs has surged, with IBIT accounting for over half of $50 billion in net inflows.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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