BlackRock’s Bitcoin ETF Nears $100 Billion as Firm’s Top Revenue Generator
A 0.25% fee on a large asset base now produces roughly $244 million in annual revenue.
Overview
- IBIT’s assets have climbed to about $97.7–98 billion, leaving roughly $2 billion to reach the $100 billion mark.
- Launched in January 2024, the fund has reached this scale in about 435 days and is on pace to break the record for the fastest ETF to $100 billion, which stands at 2,011 days.
- IBIT and BlackRock’s iShares Ethereum Trust drew $10 billion in monthly inflows as of Oct. 5, ranking third and fourth among all ETFs for the month.
- Bitcoin ETFs collected about $3.3 billion in the week ending Oct. 3, lifting lifetime flows to roughly $60 billion since their January 2024 debut.
- Bitcoin set a fresh all-time high around $125,500 as ETF demand accelerated.