👨🦱 Cristiano Castro, Business Development Director at BlackRock Brazil:
• The Bitcoin ETF has become the main source of income for the company. IBIT, launched in January 2024, amassed $70 billion in assets in 341 days - faster than any ETF in history - and generated $245 million in annual fees.
• Currently, the fund holds over 3% of all Bitcoin, and total assets in BlackRock's Bitcoin products are approaching $100 billion. "When we launched, we were optimistic, but we did not expect such scale."
ℹ️ BlackRock has 1400+ ETFs and $13.4 trillion under management.
