US EditionBlackRock's Bitcoin ETF (IBIT) Rakes In $245M Profit in Just 435 Days
BlackRock’s iShares Bitcoin Trust ETF nears $100 billion AUM in under two years, generating nearly $245 million in annual revenue, becoming the firm's fastest and most profitable ETF.
- BlackRock's iShares Bitcoin Trust has become the asset manager's most profitable ETF, generating $244.5 million in fees over the past year, Eric Balchunas reported.
- The fund's 0.25% management fee, combined with Bitcoin's rally and softer U.S. interest rates and dollar, boosted retail and institutional investor demand.
- Assets and inflows reveal the fund's rapid scale as IBIT holds about $97.8 billion in assets after just over 435 days and has cumulative inflows of $62.6 billion.
- Surpassing legacy funds, IBIT now out-earns several stalwarts as its revenue exceeds the combined take of iShares Russell 1000 Growth and iShares MSCI EAFE by $25 million.
- The race to $100 billion raises questions as iShares Bitcoin Trust nears the milestone in about 660 days, facing ETF market risks.
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11 Articles
BlackRock’s most profitable ETF is a nearly $100 billion Bitcoin giant
BlackRock Inc. is known the world over for its ETF suite, with funds spanning all manner of industries and themes going back nearly two decades. But one of its newest offerings is its most profitable. The issuer’s Bitcoin ETF, which is nearing the $100 billion asset mark thanks to massive inflows and a new run-up in the token itself, generates more revenue than any other in the firm’s lineup of 1,000-plus globally, according to data from Eric Ba…
BlackRock Bitcoin Fund Hits 'Absurd' Growth, Eyes $100B AUM
According to market reports, BlackRock’s iShares Bitcoin Trust (IBIT) has climbed to the edge of a major milestone, with assets under management roughly between $98 billion and $100 billion. In just over a year since launch, the fund has generated roughly $244–$245 million in annualized revenue, driven by steady inflows and a 0.25% management fee. This rapid rise has made IBIT one of the most lucrative products in BlackRock’s lineup. Rapid Growt…
BlackRock’s Bitcoin ETF Nears $100 Billion, Becomes Firm’s Most Profitable Fund - Coin Surges
Bitcoin Magazine BlackRock’s Bitcoin ETF Nears $100 Billion, Becomes Firm’s Most Profitable Fund BlackRock, celebrated for its diverse suite of exchange-traded funds spanning decades of market trends, has a new crown jewel: its Bitcoin ETF. The iShares Bitcoin Trust ETF (IBIT), launched just 21 months ago, is on the verge of reaching $100 billion in assets under management, making it BlackRock’s most profitable fund — outranking even products t…
Bitcoin Magazine
BlackRock’s Bitcoin ETF Nears $100 Billion, Becomes Firm’s Most Profitable Fund
BlackRock's IBIT, launched just 21 months ago, is on the verge of reaching $100 billion in assets under management, making it BlackRock’s most profitable fund — outranking even products that have been in circulation for more than two decades.
BlackRock’s IBIT Becomes The Asset Manager's Most Successful Fund - The Market Periodical
Key Insights: iShares Bitcoin Trust ETF (IBIT) is now BlackRock’s most profitable ETF with almost $250 million annual revenue. IBIT is getting closer to reaching $100 billion AUM and is on track to be the fastest to reach the milestone. US spot Bitcoin ETFs are on a roll, pulling in almost $3.3 billion last week to bring their net inflow close to $60 billion. BlackRock Bitcoin spot exchange-traded fund (ETF) is now the asset manager’s most prof…
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