According to Bloomberg, the spot bitcoin ETF IBIT launched by BlackRock (BlackRock) has been called the "greatest ETF debut in history". Since its launch in January 2024, the product has quickly become one of BlackRock's largest funds. The success of IBIT has not only pushed the bitcoin price above $100,000, but also promoted an investment boom in the cryptocurrency space. In less than a year, IBIT has grown faster than any of the 1,400 ETFs worldwide. Analysts said that the success trajectory of IBIT is unprecedented, and it is expected that it will be difficult to have congeneric product competition in the future.