Bitcoin ETFs Are Now BlackRock’s Top Revenue Source, Exec Says

Bitcoin ETFs Are Now BlackRock’s Top Revenue Source, Exec Says

The firm's US-listed spot bitcoin ETF IBIT, launched in January 2024, reached $70 billion in assets in record time and has generated hundreds of millions in fees.

BlackRock’s Bitcoin ETF IBIT Tops $52B Inflows in Year, Becomes Company’s Most Profitable Product

The post BlackRock’s Bitcoin ETF IBIT Tops $52B Inflows in Year, Becomes Company’s Most Profitable Product appeared on BitcoinEthereumNews.com. The COINOTAG News report, dated December 1, cites Cristian Bittencourt, Head of Business Development for BlackRock Brazil, noting that the BlackRock Bitcoin ETF has become the firm’s top profit driver. In its first year, net inflows surpassed $52 billion, outpacing peers. Analysts project IBIT’s annual f…

Blackrock Credits Bitcoin ETFs With Leading Its Global Revenue

Blackrock says its spot bitcoin exchange-traded funds have become its most profitable product line, with allocations nearing $100 billion, according to comments from its Brazil director. Blackrock Executive: Spot Bitcoin ETFs Near $100B in Allocations Blackrock, the world’s largest asset manager with more than $13.4 trillion in assets under management (AUM), says its spot bitcoin […]

BlackRock’s Bitcoin ETFs Surpass Expectations, Become Top Revenue Source

The meteoric rise of Spot Bitcoin ETFs (exchange-traded funds) has been a game-changer in the cryptocurrency space, offering investors a gateway to participate in the digital asset market without the complexities of direct ownership. This innovation has not only democratized access to Bitcoin but has also inadvertently created a significant revenue stream for issuers, particularly for BlackRock… Source

BlackRock Exec Says Bitcoin ETFs Becoming A Major Revenue Source Was A ‘Big Surprise’ - Coin Surges

Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives and have been a game-changer in the cryptocurrency space in the past two years. With these investment products, people get to participate in the cryptocurrency market without having to directly own the digital assets. Interestingly, one of the biggest winners—that often gets overlooked—has been the issuers, especially as the crypto industry has seen increased institution…

BlackRock Exec Says Bitcoin ETFs Becoming A Major Revenue Source Was A ‘Big Surprise’

According to a BlackRock executive, the Bitcoin ETFs becoming the asset manager's major source of revenue was not envisioned.