BlackRock Inc.’s iShares unit offers more than 1,400 ETFs around the world, but none of them have performed as well as its Bitcoin ETF. The iShares Bitcoin Trust (IBIT) broke industry records when it launched in 2024. In just 11 months, its assets swelled to more than $50 billion. Todd Sohn, managing director of ETFs and technical strategies at Strategas Securities, noted in a report that IBIT has swelled to the size of more than 50 European-focused ETFs, many of which have been around for more than 20 years. Nate Geraci, president of consulting firm The ETF Store, called it “the greatest launch in ETF history.” At its current asset size and 0.25% expense ratio, IBIT is expected to earn about $112 million a year. (Bloomberg)