BlackRock’s iShares Bitcoin Trust ETF (IBIT) has approached $100 billion in assets under management, making it the firm’s most profitable ETF despite its launch just 435 days ago.
Bloomberg senior ETF analyst Eric Balchunas noted on Oct. 6 that IBIT now generates more revenue for BlackRock than funds that have been operating for decades.
The age disparity stands out sharply in BlackRock’s top 10 revenue generators. At one year old, IBIT outearns the iShares Russell 1000 Growth ETF, which has been operating for 25 years and holds $121.8 billion in assets.
The iShares MSCI EAFE ETF and the iShares Core S&P 500 ETF, despite managing $68.4 billion and $701 billion, respectively, also trail IBIT in profitability over 24 years of operation.
IBIT charges a 0.25% fee on assets, generating approximately $244.5 million in annual revenue at current levels.
The fund’s profitability stems from both its substantial asset base and relatively high fee compared to BlackRock’s Core S&P
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