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BlackRock Says Bitcoin ETFs Now Its Most Profitable Business After IBIT Weathered November Outflows

Executives describe the $2.34 billion monthly withdrawals as typical ETF liquidity behavior.

Overview

  • IBIT holds about $70.7 billion in assets after reaching $70 billion in 341 days, the fastest pace recorded for any ETF.
  • Spot bitcoin ETFs ended a four‑week outflow streak with roughly $70 million of inflows late in November as prices recovered above $90,000.
  • BlackRock says allocations across the U.S. IBIT and Brazil’s IBIT39 had at one point neared $100 billion.
  • IBIT generated an estimated $245 million in annual fees by October 2025, helping make the bitcoin funds BlackRock’s top profit center.
  • BlackRock’s Strategic Income Opportunities Portfolio recently raised its IBIT stake by about 14%.