The cryptocurrency market had a huge year in 2024, and BlackRock’s iShares Bitcoin Trust (IBIT) was right at the center of it all. It became the fastest-growing exchange-traded fund (ETF) in history, pulling in an incredible $37 billion in net inflows. Bitcoin (BTCUSD) itself more than doubled in price during the year, thanks to big moves like the SEC approving spot Bitcoin ETFs and growing excitement about President-elect Donald Trump’s return to office.
IBIT has taken the lead among crypto ETFs, grabbing nearly half (49.7%) of market share and leaving its competitors far behind. This all happened as Bitcoin smashed through its 2021 peak of $70,000 to hit a new high of $108,226.
