IBIT Turns Into BlackRock’s Biggest Moneymaker Yet, Nears $100B
BlackRock’s spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust (IBIT), has become the asset manager’s most profitable ETF, generating nearly $245 million in fees over the past year — just 22 months after launch.
According to Bloomberg ETF analyst Eric Balchunas, IBIT has now outpaced long-standing funds such as the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by roughly $25 million in annual revenue.
Balchunas highlighted that every other ETF in BlackRock’s top 12 by fee revenue has existed for more than a decade, making IBIT’s rise “nothing short of historic.†The product officially overtook IWF and EFA around mid-July and has continued to dominate since, largely fueled by a surge in Bitcoin’s (BTC) price and renewed institutional demand.
IBIT Leads Bitcoin ETF Market and Approaches $100B
With $97.8 billion in net assets accumulated in just 435 days, IBIT is now poised to become the fastest ETF ever to hit $100 billion, eclipsing the record held by Vanguard’s S&P 500 Index Fund (VOO), which took over five years to achieve the same milestone.
BlackRock collects a 0.25% management fee on IBIT’s total assets under management, making its profitability directly tied to Bitcoin’s market performance and investor inflows. Last week alone, IBIT captured $1.8 billion of the $3.2 billion that flowed into U.S. spot Bitcoin ETFs — its second-largest week ever — as Bitcoin broke through $125,000 for the first time.
US spot BTC ETF flows (Source: Farside Investors)
The broader demand for Bitcoin ETFs has also been strengthened by the pro-crypto stance of the Trump administration, which has vowed to position the U.S. as the “crypto capital of the world.â€
BlackRock Expands Bitcoin Strategy with New ETF Filing
In a sign of growing confidence in the sector, BlackRock recently filed to establish a Delaware trust company for its upcoming Bitcoin Premium Income ETF.
The proposed product would sell covered call options on Bitcoin futures to generate income through premiums — offering yield-focused exposure to crypto while sacrificing potential upside.
Balchunas suggested that the move reflects BlackRock’s intent to stay focused on Bitcoin and Ethereum (ETH) products rather than joining the “altcoin ETF rush†pursued by other asset managers.
As BlackRock’s flagship IBIT ETF nears the historic $100 billion mark, it not only cements Bitcoin’s mainstream financial status but also signals the start of a new era in institutional crypto investing — one where digital assets are fast becoming the backbone of traditional portfolio strategies.
