In early January 2024, the asset-management sector was eagerly awaiting the highly anticipated launch of U.S. spot bitcoin exchange-traded funds. It was estimated that these funds would generate up to $30 billion in their first year of operation.
Those issuers are popping the corona today.
In 2024, the initial wave of bitcoin ETFs brought in an incredible $65 billion, which contributed to the price of bitcoin rising from $43,000 to over $100,000. Among those new items, BlackRock’s largest product
In the 35-year history of the ETF business, iShares Bitcoin Trust has emerged as the most successful first offering.
However, cryptocurrency enthusiasts think that’s only the beginning of the celebration.
President-elect Donald Trump commemorates the first anniversary of those products on January 10th.
