The iShares Bitcoin Trust ETF, or IBIT, has earned BlackRock $25 million more in fees than its second-most profitable ETF and is just shy of reaching $100 billion in net assets.
BlackRock’s spot Bitcoin exchange-traded fund has generated nearly $245 million in fees over the past year, making it now the most profitable ETF for the firm by a wide margin.
The iShares Bitcoin Trust ETF (IBIT) currently beats the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by $25 million in annual revenue, BlackRock ETF analyst Eric Balchunas posted to X on Monday.
IBIT became the most profitable BlackRock ETF when it surpassed IWF and EFA around mid-July, as previous X posts from Balchunas show.
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