Glossary
IBIT
BlackRock's iShares Bitcoin Trust — the largest spot Bitcoin ETF by AUM, launched January 2024 and quickly crossing $50 billion in assets under management.
IBIT — the iShares Bitcoin Trust — is BlackRock's spot Bitcoin ETF, launched on January 11, 2024 alongside ten others. Coinbase serves as the qualified custodian for the underlying BTC. The fund charges a 0.25% management fee (waived to 0.12% for the first year on the first $5B).
IBIT became the fastest-ever ETF to reach $10 billion, $20 billion, and ultimately $50 billion in AUM. Its institutional-grade wrapper opened the door for pension funds, endowments, and RIAs to hold Bitcoin exposure within compliant portfolios — a major structural shift in crypto demand.