BlackRock’s Bitcoin ETF Just Became Its Most Profitable in Under 2 Years

BlackRock’s Bitcoin ETF just became its most profitable in under 2 years

BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) has officially become the firm’s most profitable exchange-traded fund (ETF), less than two years after its debut. The milestone points to the growing interest in Bitcoin (BTC) on Wall Street, with ETFs serving as a key gateway for institutions to gain exposure to the asset.  Notably, the success of IBIT has helped fuel Bitcoin’s ongoing bull run, which recently culminated in a record high above $1…

BlackRock’s IBIT ETF Hits $88B AUM, Ranks 20th in US

BlackRock’s IBIT is on track to reach $100B AUM, fueled by flows and the Bitcoin surge. In just 1.5 years, IBIT ranks as BlackRock’s top-earning and 7th-largest ETF by size. Spot Bitcoin ETFs could grow 3x the size of gold ETFs within the next 3 to 5 years. BlackRock’s iShares Bitcoin Trust (ticker: $IBIT) has reached $88 billion in assets under management (AUM). This milestone was reported by Bloomberg ETF analyst Eric Balchunas, who highlighte…