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IBIT Bitcoin ETF becomes BlackRock's most profitable product with nearly $245 million in revenue
BlackRock's iShares Bitcoin Trust (IBIT) has emerged as the asset manager's most profitable product over the past year, generating an estimated annual revenue of $245 million. BlackRock sees $245 million in annual revenue from IBIT: The iShares Bitcoin Trust (IBIT) has emerged as BlackRock's most profitable fund, generating $245 million in annual revenue, Bloomberg analyst Eric Balchunas stated in an X post on Monday. The product climbed above BlackRock's iShares Russell 1000 Growth ETF (IWF) and its iShares MSCI EAFE ETF (EFA) to reach the top of the ladder. IBIT is also close to hitting $100 billion in assets under ... (full story)
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