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The iShares Bitcoin Trust was the most successful exchange-traded fund launch in history by nearly all metrics. For most ETFs it takes years to hit $10 billion in assets, but IBIT did it in less than two months. Now it’s closing in on $20 billion. How much bigger will it get? And who is buying it? And how did BlackRock end up being one of the firms leading the charge on ETF-izing crypto?
