approaching $20 billion in assets under management. This, as the analyst notes, already puts it in the top 3% among Bitcoin ETFs. BlackRock's new product has now managed to surpass such veterans as the iShares MSCI Emerging Markets ETF , the iShares MSCI Japan ETF , the VanEck Semiconductor ETF , and the iShares TIPS Bond ETF ., BlackRock's iShares Bitcoin Trust managed to join the $10 billion club in early March.
Following the monumental success of BlackRock's Bitcoin ETF, more major names appear to be comfortable with associating themselves with Bitcoin. As This Monday, BlackRock's IBIT ETF has already managed to generate more than $1 billion in trading volume, which puts it way above Fidelity's FBTC, Bitwise's BITB, and Ark's ARKB. When it comes to the most popular ETFs by assets under management, the SPDR S&P 500 ETF comes in first place with $363.23 billion.